Texas brothers convicted in $240 million cattle investment fraud targeting 2,200 investors
Detailed summary
Convicted of a fraudulent cattle investment scheme, Joshua and Jason Link swindled over 2,200 investors, misleading them into thinking their money was turning into cattle…
What seemed like a chance to invest in cattle and profit from the meat business turned into a multimillion-dollar fraud that hit thousands of Americans. Investors were led to believe their money would buy, raise and process cattle until the meat could be sold at a profit. But federal prosecutors say the business operated on a very different model, using money from new investors to pay earlier commitments and fund personal luxuries. The scheme has now led to the federal conviction of two brothers in Texas.Brothers found guilty after six-day federal trialAccording to the US Department of Justice, Joshua Robert Link and Jason Allen Link were convicted on Nov.
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