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Mesa's Cody Allen Easterday, 49, has entered a plea of guilty 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, Easterday used his company, Easterday Ranches Inc., to enter into a series of agreement with Tyson and Company 1 under which Easterday Ranches agreed to purchase and feed cattle on behalf of Tyson and Company 1.   Get our free mobile app Per the agreem...

Mesa, Wash. — A Washington man pleaded guilty on Wednesday, March 31, 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 Mesa, Washington, used his company, Easterday Ranches, to enter into a series of agreements with Tyson Foods and an unnamed second business to purchase and feed cattle on behalf of Tyson. “Fo...

Courtesy of Easterday Farms' public Facebook page Originally published on April 1, 2021 5:48 pm Updated April 1, 2021, 5:50 p.m. PT: Washington rancher Cody Easterday pleaded guilty Wednesday in federal district court to defrauding Tyson Foods Inc. and another company out of more than $244 million. Easterday admitted charging the companies for the costs of purchasing and feeding hundreds of thousands of fictitious cattle. Easterday’s scam worked like this as he operated ranches near the Washington’s Tri-Cities: He was under contract to get advances from Tyson Fresh Meats and another c...

Washington rancher pleads guilty to stealing $244M in ‘ghost cattle’ scam By Kristin M. Kraemer, Tri-City Herald Published: March 31, 2021, 7:15pm Share: PASCO – The president of one of the largest agricultural operations in Washington state has admitted concocting a scheme to defraud Tyson Foods and another company out of more than $244 million. Cody A. Easterday, 49, pleaded guilty Wednesday in U.S. District Court in a case that federal prosecutors are calling a “ghost-cattle scam.” Easterday, who’s also chief executive officer of Easterday Ranches Inc., charged t...

Tri-Cities rancher pleads guilty to cattle scam April 1, 2021 FacebookTwitterEmail SPOKANE, Wash. (AP) — A Tri-Cities cattle rancher has pleaded guilty in federal court to a single count of wire fraud and faces up to 20 years in prison for a scam involving cattle that did not exist. Defense attorneys contended Wednesday that Cody Easterday started trading on the commodities market as a hedge against losses inherent in the up-and-down cycle of agriculture markets and became addicted. “He did that successfully for a lot of years,” defense attorney Carl Oreskovich said. “But he became ad...