Texan
Well-known member
Be careful who you do business with.......
FORT WORTH — Inspectors with Texas and Southwestern Cattle Raisers Association have uncovered evidence in a $4 million cattle fraud involving producers in four states.
Monte J. Sharp, 45, of Hopeton, Okla., has been arrested on a Fugitive from Justice Warrant from Williamson County, Texas, where he has been charged with felony theft of 1061 head of cattle from Capitol Land and Cattle Co. in Schwertner, Texas.
The cattle, valued at nearly $700,000, were placed with Sharp for preconditioning at his lot near Alva, Okla.
Sharp is charged with illegally financing the cattle through Brookover Feed Yards in Garden City, Kan. He received a loan for 75 percent of their market value, secured by the future sale after they had been finished to market weight.
"Basically, he was financing cattle that didn't belong to him," explained TSCRA inspector Chad Barfknecht.
Sharp did this repeatedly, with victims as far away as North Carolina. "We have information that he has placed over 20,000 head of cattle in feedlots in Kansas and Oklahoma," Barfknecht added.
Owners of Forester Cattle Co. in Larue, Texas, claim Sharp sold 98 of their cattle, valued at $60,000. In Kentucky, he is charged with illegally financing 88 heifers worth about $59,000.
"We'll probably continue to discover new victims for several months," said TSCRA inspector Ben Eggleston. "Fact is, we still don't know how big this thing will end up being."
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Read about more sorry-ass cow thieves......
http://www.texascattleraisers.org/theft ... Report.asp
FORT WORTH — Inspectors with Texas and Southwestern Cattle Raisers Association have uncovered evidence in a $4 million cattle fraud involving producers in four states.
Monte J. Sharp, 45, of Hopeton, Okla., has been arrested on a Fugitive from Justice Warrant from Williamson County, Texas, where he has been charged with felony theft of 1061 head of cattle from Capitol Land and Cattle Co. in Schwertner, Texas.
The cattle, valued at nearly $700,000, were placed with Sharp for preconditioning at his lot near Alva, Okla.
Sharp is charged with illegally financing the cattle through Brookover Feed Yards in Garden City, Kan. He received a loan for 75 percent of their market value, secured by the future sale after they had been finished to market weight.
"Basically, he was financing cattle that didn't belong to him," explained TSCRA inspector Chad Barfknecht.
Sharp did this repeatedly, with victims as far away as North Carolina. "We have information that he has placed over 20,000 head of cattle in feedlots in Kansas and Oklahoma," Barfknecht added.
Owners of Forester Cattle Co. in Larue, Texas, claim Sharp sold 98 of their cattle, valued at $60,000. In Kentucky, he is charged with illegally financing 88 heifers worth about $59,000.
"We'll probably continue to discover new victims for several months," said TSCRA inspector Ben Eggleston. "Fact is, we still don't know how big this thing will end up being."
________________________________________________
Read about more sorry-ass cow thieves......
http://www.texascattleraisers.org/theft ... Report.asp