Two Texas brothers were convicted for operating a $240 million Ponzi scheme that defrauded more than 2,200 investors by selling cattle contracts they never owned.
From January 2021 through December 2023, Agridime LLC collected over $240 million and sold roughly 60,000 cattle contracts exceeding its actual inventory, while the brothers diverted funds for personal luxury purchases, including a $1.5 million barndominium in Kansas.
Joshua Link and Jason Link each face up to 20 years in prison on conspiracy and wire fraud convictions and up to 10 years on money laundering charges, with sentencing set for March 4, 2027.
Four co-defendants have already pleaded guilty, and fake feed and yardage invoices were used to siphon at least $2.7 million in company money.