From FOX 4 News Dallas-Fort Worth · Amber Kite · · 1m
Federal jury convicts two brothers in $240 million cattle Ponzi scheme
Two brothers sentenced for $240 million cattle fraud scheme.
In brief
Two brothers sentenced for $240 million cattle fraud scheme. Federal jury convicted Joshua and Jason Link for running a $240 million cattle investment Ponzi scheme that defrauded over 2,200 victims. Originally reported by FOX 4 News Dallas-Fort Worth.
Conviction of Link brothers
Federal jury convicted Joshua and Jason Link for a $240 million cattle investment fraud scheme.
Ponzi scheme details
Agridime sold contracts for 60,000 nonexistent cattle to over 2,200 victims.
Fraudulent activities
Prosecutors proved the brothers diverted funds for personal luxury items and embezzled over $2.7 million.
Personal luxury purchases
The scheme funded a five-bedroom barndominium, a 2006 Hummer H2, and solar panel installations.
Co-conspirators
Four additional co-conspirators pleaded guilty before the trial ended.
Sentencing details
Joshua and Jason Link face up to 20 years in prison and restitution orders, with sentencing on March 4, 2027.
The essence
Federal jury convicted Joshua and Jason Link for running a $240 million cattle investment Ponzi scheme that defrauded over 2,200 victims.
