NEWS
Gibson Sentenced on Federal Charges
Fri May 24, 2013 01:39 PM CDT

OMAHA (DTN) -- Thomas Gibson, the former head of cattle brokerage Eastern Livestock Company, has been convicted of mail fraud as part of a check-kiting scheme that sent $130 million of bad checks to cattlemen and businesses across the country.

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

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Ample Stocks Ahead Drought recovery in many areas has led to higher stocks, brighter production prospects and modera...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Klinefelter: By the Numbers Deteriorating profit margins flip the fortunes of big renters and conservative owner-operators. I...
  • Training for Sustainability The Hmong American Farmers Association is helping producers who migrated to the United States fol...
  • Ask the Vet What are these crusty scabs on my cattle?
Related News Stories