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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...

A Washington man has pleaded guilty to defrauding Tyson Foods Inc. 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 more than 200,000 head of cattle that did not actually exist. According to court documents, Cody Allen Easterday, 49, of Mesa, Wash., used his company, Easterday Ranches Inc., to enter into a series of agreements with Tyson and Company 1 under which Easterday Ranches agreed to purchase and feed cattle on behalf of Tyson and Company 1. Per the agreements, Tyson and Company 1 w...

WASHINGTON- A man has pleaded guilty to defrauding Tyson Foods Inc. and another unnamed company of more that $244 million, charging them for costs of purchasing and feeding hundreds of thousands of cattle. The problem is, the "ghost cattle" did not exist.  Court documents show that 49-year-old Cody Allen Easterday of Mesa used his company, Easterday Ranches Inc., to enter into a series of agreements with Tyson and the unnamed company to purchase and feed cattle on their behalf.  As part of these agreements, Tyson and the unnamed company would pay Easterday Ranches to purchase and feed t...

Washington rancher Easterday pleads guilty, agrees to pay $244M over nonexistent cattle Cody Easterday’s scheme to defraud two companies, including Tyson Fresh Meats, began in 2016 and was created to cover more than $200 million in trading losses. Credit: Shannon Dininny Author: Charles H. Featherstone (Columbia Basin Herald) Published: 10:28 AM PDT April 1, 2021 Updated: 10:28 AM PDT April 1, 2021 SPOKANE, Wash. — Cody Easterday pleaded guilty in federal court late Wednesday to defrauding two companies, including Tyson Foods subsidiary Tyso...

USDA ARS Tyson Foods claims the Pasco, Wash., ranch billed for fictitious cattle and feed. Easterday pleaded guilty in federal court. A federal regulatory agency is taking civil enforcement action against Pasco, Wash.-based Easterday Ranches and its owner, Cody Easterday, alleging fraud in connection with the sale of more than 200,000 non-existent head of cattle to its sole customer, Tyson Foods. The Commodity Futures Trading Commission's action, filed March 31 in the U.S. District Court for the Eastern District of Washington, further accuses Easterday of making fa...