Page 11 - Cody Easterday News Today

USDA ARS Cows are in a feedlot. Pasco, Wash.-based Easterday Ranches wants to build a nearly 30,000-cow dairy on the former site of Oregons Lost Valley. Pasco, Wash.-based company wants to build a nearly 30,000-cow dairy on the former site of Lost Valley. Oregons departments of Agriculture and Environmental Quality have tapped the brakes on Easterday Ranches permit application for a nearly 30,000-cow dairy on the site of the former Lost Valley Farm while legal iss...

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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 ...

It took a while to notice, but Tyson Foods eventually realized late last year that more than 200,000 of its cattle seemed to have gone missing on a Washington state ranch. It turns out that they never existed. Thats the bizarre upshot from the collapse and bankruptcy of Easterday Ranches, which was under contract to house, raise and feed bovines for Tyson. All told, the episode cost the biggest US meat company and another producer more than $200m (€168m), and the rancher who gambled it away...

Washington ranch co-owner Cody Easterday defrauded Tyson Foods of $233 million and another company of $11 million by selling more than 200,000 head of cattle that only existed on invoices, according to a plea agreement unsealed on Thursday, April 1. Easterday, former manager of the Easterday Ranches feedlot in Pasco, Washington, pleaded guilty Wednesday to one count of felony wire fraud and faces up to 20 years in prison. He also faces civil charges filed March 31 by the Commodity Futures Tradi...

CFTC charges Washington state rancher and feedyard in $233 million scheme The Commodity Futures Trading Commission filed a civil enforcement action in the U.S. District Court in eastern Washington state. The action charges Easterday Ranches, Incorporated, a Pasco, Washington-based cattle feedyard, and Cody Easterday, the co-owner and former president of Easterday Ranches, for engaging in cattle fraud in connection with the sale of more than 200,000 non-existent head of cattle to a beef processo...

By Jason Taylor Apr 5, 2021 WASHINGTON, DC - A man from Washington state faces up to 20 years in prison after admitting to swindling Tyson Foods and another company out of $244 million. Court documents show Cody Easterday charged the companies for buying and feeding hundreds of thousands of cattle that did not exist. The scheme lasted for four years between 2016 and late last year. Tyson employs thousands of people at its Iowa meatpacking plants, which have experienced COVID-19 outbreaks in t...

A man from Washington state faces up to 20 years in prison after admitting to swindling Tyson Foods and another company out of $244 million.

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 agr...

SHARING OPTIONS: The defence contended that the rancher started trading on the commodities market as a hedge against losses inherent in the cycle of agriculture markets and became addicted. A Washington state rancher has pleaded guilty to wire fraud and faces up to 20 years in prison for a scam involving the buying and feeding of hundreds of thousands of cattle that didn’t exist. The US Commodity Futures Trading Commission (CFTC) filed a civil enforcemen...