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
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories