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 ...

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