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Cattle ‘Ponzi scheme’ loses $1.5m, lands rustler in jail

A California man has been arrested after allegedly defrauding more than a million dollars from prospective cattle buyers in a scheme that spanned four states. Justin Tyler Greer, 36, was arrested Dec. 28 in Tarzan, Texas, after being suspected of investment fraud, embezzlement and cattle theft. There are seven victims who are out $1.5 million in losses. The investigation began in June 2017 when the victims claimed to be coming up hundreds of head short. Cattle owned by investors were illegally sold and moved to Colorado and Wyoming. Tulare County Sherriff’s Agricultural Crimes Unit tracked down Greer with the aid of Texas Rangers and U.S. Marshals. Local authorities in Texas also helped with the arrest, along with assistance from Texas & Southwestern Cattle Raisers Association Special Rangers. Read more…

Jan 05, 2018 General Discussion, Theft & Law