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Rancher Running Ghost Cattle Scheme Loses Two Lawsuits Against Tyson Fresh Meats

Rancher Running Ghost Cattle Scheme Loses Two Lawsuits Against Tyson Fresh Meats

Washington Rancher at Center of Cattle Scam Sentenced to 11 Years in Prison; $244M Restitution in Question

Cody Allen Easterday was sentenced to 11 years in prison for wire fraud Tuesday, for conducting a so-called ghost-cattle scam where he charged Tyson Fresh Meats for feeding cattle that didn t exist.

Easterday Ranch Bankruptcy Sale on Hold

LINCOLN, Neb. (DTN) A hearing to determine Rabo AgriFinance LLC’s ability to block the sale of farm and ranch assets of southeastern Washington’s Easterday Ranches Inc., was delayed until the end of July. Easterday asked a federal bankruptcy court to issue a temporary restraining order and injunction against the creditor. Rabobank is trying to collect nearly $1.1 million owed it by Easterday, as the rancher who filed for Chapter 11 bankruptcy protection looks to sell assets. A hearing on the motion originally was scheduled for July 2, but the court granted a continuance to July 21. According to court documents, Farmland Reserve was awarded the winning bid of $209 million for the Easterday assets.

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