Federal prosecutors have secured convictions against two brothers for running a $240 million cattle investment scam that defrauded thousands of investors across the country.
Joshua Robert Link of Strafford, Missouri, and Jason Allen Link of Herington, Kansas, were found guilty on charges including wire fraud conspiracy, wire fraud and money laundering after a six-day trial in Fort Worth, says the U.S. Attorney’s Office for the Northern District of Texas.
The scheme centered on Agridime, which sold contracts promising individual cattle for $2,000 each but instead diverted the money to pay earlier investors, cover operating costs and fund personal luxuries…