Two brothers associated with the Fort Worth-based company Agridime LLC were convicted Tuesday by a jury in federal court for their role in a $240 million Ponzi scheme that defrauded thousands of cattle contract investors across the country, federal officials said.
“These convictions reflect the two brothers’ calculated efforts to lure prospective investors into their multi-million-dollar scheme and then misappropriate those funds to enrich themselves,” FBI Dallas Special Agent in Charge R. Joseph Rothrock said in a Department of Justice news release Wednesday.
Joshua Link, Agridime’s co-owner and executive director, was found guilty of two counts of wire fraud, two counts of wire fraud conspiracy and two counts of money laundering, according to the release…