“Ghost Cattle” mastermind now faces lawsuit from Rabo AgriFinance

A Washington Rancher who admitted to a massive scheme involving fake cattle is now the target of a lending company.

Rabo AgriFinance says that loans it made to Cody Easterday are in default. It is suing him in federal court, seeking foreclosure of his Washington state properties.

Easterday milked Tyson Foods and another company out of $250 million dollars by charging them for his “ghost herd.” He faces 20 years in prison when a judge sentences him in August.