Suspect charged, arrested in million dollar cattle embezzlement
Marty Robert Maahs, 33, turned himself into the Jackson County Sheriff’s Department in Oklahoma on April 12 after a warrant had been issued for his arrest as the result of an investigation by TSCRA Special Ranger Scott Williamson.
In early 2017 Williamson initiated his investigation after being contacted by Frazer Bank in Altus, Oklahoma. Bank officials were concerned with possible illicit activities by Maahs in connection to a bank loan valued at more than $1 million, where he put up cattle as collateral. Through the course of the investigation, Williamson discovered that Maahs had disposed of livestock proceeds without payment to the bank. The investigation also revealed embezzlement of livestock funds, false statement and representation of collateral to the bank and the sale of mortgaged personal property without payment to the bank.
The investigation led to three felony counts: embezzlement greater than $25,000, obtaining by trick or deception greater than $1,000 and chattel encumbered greater than $1,000. The three charges could land Maahs in prison for up to 23 years. He also faces possible fines of more than $15,000 and restitution to the bank exceeding $1 million.
Maahs was booked into the Jackson County Jail and released on bond. He is awaiting trial.
Financial crimes can have a detrimental impact on other law-abiding cattle producers. According to Williamson, when criminals defraud financial institutions, as alleged in this case, it can make credit harder to obtain and more expensive for others who rely on those same financial tools.