Page 2 - Ben Sedrish News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>The Commodity Futures Trading Commission announced today that Chief Judge Stanley A. Bastian of the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction against&nbsp;Easterday Ranches, Inc., and requiring it to pay a combined $263 million in restitution and civil monetary penalty in connection with a phantom cattle fraud scheme.</span></p>

CFTC Charges Washington State Rancher And Feedyard With $233 Million Phantom Cattle Fraud Scheme Date 01/04/2021 The Commodity Futures Trading Commission today filed a civil enforcement action in the United States District Court for the Eastern District of Washington charging Easterday Ranches, Inc., a Pasco, Washington based cattle feedyard, and Cody Easterday, co-owner and formerly president of Easterday Ranches, for engaging in fraud in connection with the sale of more than 200,000 non-existent head of cattle to a beef processor, making false statements to an exchange, and violating...