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Rancher pleads guilty in 'ghost cattle' scheme, owes $244 million in restitution


Rancher pleads guilty in ‘ghost cattle’ scheme, owes $244 million in restitution
Updated 9:41 AM;
By East Oregonian
MESA, Wash. A Washington man has pleaded guilty to defrauding businesses out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist, according to a press release from the U.S. Attorney’s Office.
According to court documents, Cody Easterday, 49, of Mesa, Washington, used his company, Easterday Ranches, to enter into a series of agreements with Tyson Foods and an unnamed second business to purchase and feed cattle on behalf of Tyson. ....

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Man Pleads Guilty to $244 Million Ghost-Cattle Scam


Details
Written by DOJ
Spokane, Washington - A Washington man pleaded guilty Wednesday to defrauding Tyson Foods Inc. (Tyson) and another company (Company 1) out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist.
According to court documents, Cody Allen Easterday, 49, of Mesa, used his company, Easterday Ranches Inc., to enter into a series of agreements with Tyson and Company 1 under which Easterday Ranches agreed to purchase and feed cattle on behalf of Tyson and Company 1. Per the agreements, Tyson and Company 1 would advance Easterday Ranches the costs of buying and raising the cattle. Once the cattle were slaughtered and sold at market price, Easterday Ranches would repay the costs advanced (plus interest and certain other costs), retaining as profit the amount by which the sale price exceeded the sum repaid to Tyson ....

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Washington Man Pleads Guilty to $244 Million Ghost-Cattle Scam

Washington Man Pleads Guilty to $244 Million Ghost-Cattle Scam
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Easterday pleads guilty to $244 million ghost-cattle scam


Mesa, Wash. — A Washington man pleaded guilty on Wednesday, March 31, to defrauding businesses out of more than $244 million by charging them under various agreements for the purported costs of purchasing and feeding hundreds of thousands of cattle that did not actually exist, according to a press release from the U.S. Attorney’s Office.
According to court documents, Cody Easterday, 49, of Mesa, Washington, used his company, Easterday Ranches, to enter into a series of agreements with Tyson Foods and an unnamed second business to purchase and feed cattle on behalf of Tyson.
“For years, Cody Easterday perpetrated a fraud scheme on a massive scale, increasing the cost of producing food for American families,” said Acting Assistant Attorney General Nicholas L. McQuaid of the Justice Department’s Criminal Division. “The criminal division’s prosecutors are committed to swiftly and thoroughly prosecuting frauds affecting our nation’s agric ....

United States , Morrow County , Cole Easterday , Josephh Harrington , Cody Easterday , Nicholasl Mcquaid , Gary Mickelson , Deposit Insurance Company Office Of The Inspector , Exchange Commission , Tyson Foods , Justice Department Criminal Division , Oregon Department Of Agriculture , Department Of Environmental Quality , Easterday Dairy , Us Attorney Office , Us Postal Inspection Service , Easterday Ranches , Acting Assistant Attorney General Nicholas , Justice Department , Wall Street , Federal Deposit Insurance Company Office , Inspector General , Inspection Service , Eastern District , Lost Valley Farm , Capital Press ,

Washington man pleads guilty for charging companies $244 million for "ghost cattle"


WASHINGTON- A man has pleaded guilty to defrauding Tyson Foods Inc. and another unnamed company of more that $244 million, charging them for costs of purchasing and feeding hundreds of thousands of cattle. The problem is, the ghost cattle did not exist. 
Court documents show that 49-year-old Cody Allen Easterday of Mesa used his company, Easterday Ranches Inc., to enter into a series of agreements with Tyson and the unnamed company to purchase and feed cattle on their behalf. 
As part of these agreements, Tyson and the unnamed company would pay Easterday Ranches to purchase and feed the cattle, and then once the cattle were slaughtered and sold at market price, Easterday Ranches would pay them back (with interest and other costs) and keep any profits.  ....

United States , Josephh Harrington , Cody Easterday , Nicholasl Mcquaid , Cody Allen Easterday , Department Of Justice , Justice Department Criminal Division , Deposit Insurance Company Office Of The Inspector , Tyson Foods Inc , Easterday Ranches Inc , Us Postal Inspection Service , Tyson Foods , Easterday Ranches , Assistant Attorney General Nicholas , Justice Department , Criminal Division , Wall Street , Federal Deposit Insurance Company Office , Inspector General , Inspection Service , Eastern District , ஒன்றுபட்டது மாநிலங்களில் , துறை ஆஃப் நீதி , நீதி துறை குற்றவாளி பிரிவு , வைப்பு காப்பீடு நிறுவனம் அலுவலகம் ஆஃப் தி இன்ஸ்பெக்டர் , டைசன் உணவுகள் இன்க் ,