Rancher takes $244M from Tyson Foods in ‘ghost cattle’ scam

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Rancher takes $244M from Tyson Foods in ‘ghost cattle’ scam
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Court documents state the companies agreed to pay Cody Allen Easterday, 51 of Easterday Ranches, an advance on the costs of buying and raising cattle.

– A cattle rancher in Washington state was sentenced to prison for defrauding Tyson Foods Inc. and another unnamed company out of more than $244 million in a “ghost cattle” scheme, according to theCourt documents state the companies agreed to pay 51-year-old Cody Allen Easterday, of Easterday Ranches, an advance on the costs of buying and raising cattle.

Instead, Easterday used the $244 million given to him for the cattle for his personal use and benefit.

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