A rancher from Montana was sentenced to two years in prison and must pay back $2.1 million to a bank he defrauded out of money for cattle loans.
This year there has been a noticeable increase in the number of cattle embezzlement and fraud cases across the country.
An Arizona man who stole $3 million worth of cattle sale proceeds from a sale barn has been sentenced to five years in federal prison and repaying the money he stole.
More than $2.4 million worth of cattle were never bought in wire fraud scheme that spanned Missouri and Texas.
A rancher in in South Dakota has been sentenced to 46 months in prison and must pay back cattle producers after lying about grazing he could offer.
One of Arizona’s busiest stockyards lost $3 million in fraudulent cattle sales at the hands of an employee, federal prosecutors say.