NEWS
Federal Charges Stick
Victoria G. Myers Progressive Farmer Senior Editor
Tue May 28, 2013 10:17 AM CDT

Criminal convictions continue to mount for the former head of bankrupt Eastern Livestock Company, Thomas Gibson. A U.S. District Court in Kentucky has now convicted the former cattle broker of mail fraud as part of a check-kiting scheme that hurt cattlemen and businesses across the country.

This latest conviction focused on federal charges against Gibson, now 73. He was sentenced to 70 months in federal prison along with two years supervised release. Former chief operating officer of Eastern, Michael McDonald, age 61, was sentenced to 57 months in federal prison, and two years supervised release for his part in the ...

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