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Cody Easterday is headed to prison after being sentenced for a massive “ghost cattle” scam that defrauded Tyson Foods and another company out of more than a quarter billion dollars.
Heifer International also received the 2004 Conrad N. Hilton Humanitarian Prize for its efforts to eliminate hunger and help communities become self-sustaining. It was the first U.S.-based organization to win the $1-million award since 1997. [32] Heifer International received the 2006 and 2008 Social Capitalist award from Fast Company magazine ...
The "ghost cattle" or "ghost herd" fraud was a scheme perpetrated by Cody Easterday, a rancher in Mesa, Washington, to charge Tyson Foods for more than 200,000 cattle that did not exist. From 2016 until 2020, when Tyson discovered the missing cattle, Easterday submitted invoices totalling more than $200 million.
The Eastern Young Cattle Indicator (EYCI) is an indicator of general cattle markets in Australia. It is calculated based on a seven-day rolling price average expressed in cents per kilogram carcase (or dressed) weight (¢/kg cwt). [1] The EYCI sources data from 23 saleyards in New South Wales, Queensland and Victoria. [2]
The scam targets Marketplace sellers who’ve listed big-ticket items worth several hundred dollars. A buyer contacts a seller requesting to buy the item and pay using Zelle.
A cleaning company has been fined $171,000 after federal investigators found 11 children working a "dangerous" overnight shift at a meat processing plant in Iowa.
Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
When buying pressure pushes the share price up, the rise in price entices more people to believe the hype and to buy shares as well. Eventually the manipulators doing the "pumping" end up "dumping" when they sell their holdings. [7] The expanding use of the Internet and personal communication devices has made penny stock scams easier to ...