Nearly 90 people were defrauded out of $4.7 million in an investment fraud scheme involving the resale of cattle and it has put a Missouri man in police custody.
A Missouri man admits to running a $4.7 million Ponzi scheme involving a cattle investment fund where no cattle were ever bought.
A Missouri man will spend eight years in prison without parole after leading $4.7 million investment fraud that involved the resale of cattle that were never actually purchased.
Marty Robert Maahs, 33, turned himself into the Jackson County Sheriff’s Department on April 12 after a warrant was issued for allegedly embezzling more than $1 million from a bank loan involving cattle.
The legal case for an investment fraud scheme involving the resale of cattle is starting to come together as a man posing as a veterinarian has admitted to his participation in the scheme.
A California man was arrested in Texas after allegedly stealing and defrauding customers and partners out of $1.5 million worth of cattle and sales receipts.