'High-tech Ponzi scheme': Brothers convicted in $240M Fort Worth cattle fraud
Two brothers have been convicted in a massive $240 million cattle investment fraud scheme that cheated more than 2,200 investors across the country, federal prosecutors announced. Joshua Robert Link, formerly of Strafford, Missouri, and Jason Allen Link, of Herington, Kansas, were convicted Nov. 10 following a six-day federal trial in Fort Worth. According to the U.S. Attorney's Office for the Northern District of Texas, the brothers helped operate a fraudulent investment scheme through Fort Worth-based Agridime LLC, a company that sold cattle investment contracts to the public. Prosecutors said the company promised investors they could purchase individual cattle for $2,000 each. Agridime claimed it would use the money to buy and raise the cattle, process them into meat and sell the meat for a profit. Instead, prosecutors said the company used investors' money to pay operating expenses, cover loans, pay earlier investors and provide excessive salaries and commissions to company...