Page 17 - Cody Easterday 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>

<p><strong>Overview&nbsp;</strong></p> <p><span>Easterday Ranches, Inc. (a cattle feedyard) made false statements to, and violated position limits established by, a futures exchange regulated by the Commission.&nbsp;&nbsp;Accordingly, the Commission appropriately brought (and today settles) charges against Easterday Ranches of violating provisions of the Commodity Exchange Act (&ldquo;CEA&rdquo;) that specifically address these types of misconduct.&nbsp;</span></p>

With farms, ranches and rural communities facing unprecedented threats, a worrying trend leads to a critical question: Who owns the water?

Cody Easterday wagered hundreds of millions of dollars on the price of beef. He lost.

Tyson Fresh Meats has gone to court to forcibly acquire the Pasco, Wash., feedlot that bankrupt cattleman Cody Easterday sold to a major competitor last year after bilking Tyson out of $233 million.