Summary

Five individuals were federally indicted this week for their roles in an alleged $220 million nationwide fraud scheme involving purported cattle purchase contracts, according to United States Attorney for the Northern District of Texas Ryan Raybould. “Thousands of unwitting investors, ranchers, and others in the cattle industry nationwide were drawn in and victimized by the defendants’ multi-million dollar scheme alleged in this indictment,” said U.S. Attorney Ryan Raybould. “My office, in concert with our law enforcement partners, will hold these defendants accountable and pursue justice on behalf of the victims.”

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