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 ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
DTN Closing Livestock Comments
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
COOL Appeal Likely in 2015
USDA: Record Corn, Soy Production