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‘It sounds too good to be true’: cattlemen accused of running $191 million beef Ponzi scheme

Por: MarketWatch Politics December 14, 2023

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The Securities and Exchange Commission says Josh Link, 30, of Gilbert, Arizona, and Jed Wood, 62, of Fort Worth, Texas, set up Agridime LLC in 2017 as a vehicle for cattle investments, claiming to offer returns as high as 32%. The deal was simple: For $2,000, investors purchased the rights to a head of cattle, which Agridime would raise and feed. The investor would collect their profits when the animal was slaughtered and sold for meat,... + full article



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