Caleb grew up in farm country, and Greg did not. No problem, though, together they talk through a case of a large ranching operation at the center of a massive fraud. 

Sponsors
Tri-Merit - https://ohmyfraud.promo/trimerit
LiveFlow - https://ohmyfraud.promo/liveflow
Patriot Software - http://ohmyfraud.promo/patriot

HOW TO EARN FREE CPE

In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Download the app:

Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email [email protected].

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

EMAIL : [email protected]

Sources:

• Betting the Ranch - High Country News
• Rancher takes $244 million from Tyson Foods in ghost cattle scam - KKTV Colorado Springs

• Tri-Cities Rancher Sentenced to Eleven Years in Federal Prison and Ordered to Pay $244 Million in Restitution for “Ghost Cattle” Fraud - DOJ

• Rancher Sentenced for Running $244 Million “Ghost Cattle Scam - DOJ

• Eastern Washington Cattle Rancher Sentenced to 11 Years in Prison for 'Ghost Cattle' Scam - Big Country News

• Easterday Farms Website

• Winning Bid on Easterday Assets: $209M - Progressive Farmer

• Washington Man Pleads Guilty in $244 Million Ghost Cattle Scam - DOJ
• Court Documents on Sentencing and Restitution - U.S. District Court
• Other Court Documents & Information - U.S. District Court
• Types of Beef Cattle Operations - CAERT Inc.
• Beef Cattle Production - UC Davis
• https://www.investopedia.com/terms/s/speculator.asp
• https://www.cmegroup.com/education/courses/introduction-to-futures/understanding-the-role-of-speculators.html
• https://en.wikipedia.org/wiki/Speculation
• https://www.investopedia.com/ask/answers/06/forwardsandfutures.asp#:~:text=A%20forward%20contract%20is%20a,the%20end%20of%20the%20contract
• https://www.investopedia.com/terms/d/delivery-point.asp#:~:text=The%20futures%20contract%20buyers%20who,physical%20delivery%20of%20the%20asset.