Where's the beef? Rancher sentenced to 11 years for ripping off Tyson Foods of nearly $250 million in ‘ghost cattle’ scam.
Where’s The Beef? Rancher Gets 11 Years In The Clink For Fraud
Discussion in 'Other News' started by mjd4277, Oct 6, 2022.
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MartinFromBC, Flat Earth Trucker, bzinger and 1 other person Thank this.
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InTooDeep, SmallPackage, mjd4277 and 1 other person Thank this.
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A meat packer getting screwed ? By a cattle feeder ? ..that guy should get a medal !
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Kenny Rogers' The Gambler starting playing in my head when I read about the part of the rancher recklessly trading commodity futures.
mjd4277 Thanks this. -
Back when I was a kid in the 80’s I always remember company men from the bigger processors flying in or driving in to inspect the feed lots and count heads every 2 or 3 months. Made sure everything was on the up and up. I guess they no longer do that?
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I don't know how the big guys do it but it would make sense that they had some kind of continual audit going on.
My son and I run a few cows but we've never had any dealings with Tyson. We're just a small time outfit and they like to deal with the big guys. Well, they did anyway.
We've been shipping our calves to the same buyer for a long time. He comes up every year, walks the pens, and makes us an offer. We argue back and forth a little but it's mostly a formality. The people he's buying for give him a price range and he's always on the high side of the scale so I don't have any complaints.
We count them going on the trailer and the feedlot counts them when they unload. Plus, each load is weighed. It would be pretty hard to ghost anything. I'm thinking that cattle guy had himself a little inside help at Tyson -
The way it sounds is like he was telling Tyson he had say 7000 head on hand but in reality it was only 1000. So like you said Tyson either never once in that time sent someone to verify or that someone was in on it. -
Somewhere in the here after Bernie Madoff is watching this unfold and saying:
“And they call ME evil!!!”
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