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Feedlot Ponzi scheme lands South Dakota man 7-plus years in federal prison

Robert Blom was sentenced to serve his time in a prison as close to South Dakota as possible, in an effort to be close to family ....

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Ponzi cattle scheme operator gets 91 months in prison

RAPID CITY, S.D. (AP) A South Dakota feedlot operator who pleaded guilty to operating a Ponzi cattle scheme has been sentenced to nearly eight years in prison. Prosecutors said Robert Blom, of Corsica, resold the same cattle to multiple investors and made a profit of about $24 million from 2014 to 2019. ....

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Ponzi cattle scheme operator gets 91 months in prison

Ponzi cattle scheme operator gets 91 months in prison
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Ponzi cattle scheme operator gets 91 months in prison

RAPID CITY, S.D. (AP) A South Dakota feedlot operator who pleaded guilty to operating. ....

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SD man sentenced to prison, must repay $24 million for 'cattle Ponzi scheme'

A South Dakota man will spend seven-and-a-half years in federal prison and owe more than $24 million in restitution after orchestrating a "cattle Ponzi scheme." ....

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