5 Cattle Trading Co. Workers Charged In $220M Fraud Scheme

By Gina Kim ( February 13, 2026, 7:55 PM EST) -- Five employees of a defunct cattle trading company were charged in Texas federal court Thursday with defrauding over 2,000 victims in a $220 million Ponzi-like scheme where they falsely promised to spend investor money on raising cattle but used it to pay off prior investors, loans and personal expenses....

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