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A rancher in Washington state was sentenced to 11 years for a $244 million wire fraud scheme involving non-existent cattle perpetrated against Tyson Foods and a second company Tuesday.
A rancher in Washington state was sentenced to 11 years for a $244 million wire fraud scheme involving non-existent cattle perpetrated against Tyson Foods and a second company Tuesday.
Cody Allen Easterday, 49, has admitted cheating Tyson Foods out of $244 million for non-existent cattle.
Font Size: A Washington man agreed to pay back more than $244 million that he was paid to raise nonexistent cows for two companies, a Wednesday Justice Department press release said. Cody Allen Easterday, 49, pleaded guilty to misleading the companies, including Tyson Foods Inc., in agreements to purchase and feed thousands of cows, the press release said. Under an agreement, the companies would pay Easterday’s organization the funds to purchase and raise the cattle, the agreements said, according to the press release. Easterday’s Ranches Inc. would return the advanced costs with attache...