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A deceased, known as the “Burney Madoff of Cow”, is sueing three banks victims of a financier, alleging that they enabbed the fraud, resulting in a $ 100 million Ponzi scheme.
Some people submerged by Bryan McClane of Benton, Kentki filed a case against the Community Financial Services Bank, Rabo Agrifenance and Mechanics Bank, alleging that the institutions ignored the red flags, which leave dozens of Kentaki investors with financial deficit. New York Post Informed
On April 18, 2023, at the age of 52, McClane revealed a fraud a few days after killing herself. He initially promised 30% returns to investors by orchestrating the “Ghost Cattle” scheme, in which livestock was not really present, officials said.
The person from Georgia said by the compress of the Poncess Scheme, the accused said that he takes ‘full responsibility’ for his works.
Brian McClane allegedly cheated investors of $ 100 million in the “Ghost Cow” scheme. (AP)
The bank said in a statement, “CFSB strongly denies the allegations in the question, and considers claims against the bank completely without merit.” “Through the lawyer, the bank has filed a proposal to dismiss the suit brought by the bankruptcy trustees.”
A spokesperson for Rabo Agrifinance told Fox News Digital that the courts would have to say the final.
A bank statement said, “Rabo Agrification is firmly committed to providing financial solutions to American cattle producers, feedlots and processors.” “As stated in the filing of the former court, the claims have no basis under the law, and many allegations are completely wrong. As the legal process brings out the Rabo Agrification, one should avoid making further comments.”
Fox News has reached all three banks named in Digital trial.
The newspaper reported that McClane’s plan collapsed when the primary lender of Rabo Agcation, McClenncy, discovered a large -scale discrepancy in the inventory, reported the newspaper.
During an audit, only 10,000 cattle were found, claiming less than 88,000 mcClane.
While McClane claimed to have 88,000 cattle heads, only 10,000 were found during an audit, which exposed the bulk of the herd as “ghost cattle”.
NFL first-draft pick falls victim is a clever bank copying scam to the victim that spends thousands
The cows are being fed on a farm. (Salwan Georges/The Washington Post Getty Image)
After McClane’s death last year, representatives of Rabo Agrifinance seized the remaining cattle from the operation of McClen and sold them via blue grass stockyard.
Three companies of McClane – Benton, McClane Farm in Kentki; 7 meter cattle feeder in Hearford, Texas; And McClane feed yard – 2023 was filed for bankruptcy in French, Texas.
Unpaid livestock vendors can be preserved under the 1921 Packers and Stockyards Act, which requires all the livestock purchased by a dealer in cash sales to be organized in confidence for the benefit of unpaid sellers, according to the Agriculture Department, according to the Agriculture Department, according to the Agriculture Department.
McClane’s Monicer is named after Berney Madoff, who is the former president of Nasdac, who has mastered the biggest Ponji scheme in American history by cheating thousands of investors.
Bernard L. Madoff after his arrest to master a large Ponzi scheme. (Don Emmart/AFP via Getty Image)
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Madoff died in 2021 at the age of 81, while the Northern Carolina sentenced to 150 years at the Federal Medical Care Center in the Federal Jail.
