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Five Charged in $220M Cattle Fraud Scheme

2/15/2026

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Story summary
  • Five individuals face federal charges in a $220 million cattle fraud case in Fort Worth, Texas.
  • The grand jury indicted them on money laundering, wire fraud, and conspiracy related to Agridime.
  • From January 2021 through December 2023, they allegedly misled thousands of investors and ranchers.
  • Agridime's website claims at least $58 million funded Ponzi payments and over $11 million in undisclosed commissions, harming more than 2,200 victims nationwide.