A Wolfe City man is facing charges in two separate Texas counties, according to the Texas and Southwestern Cattle Raisers Association.
According to the TSCRA, Robert Mitchell Self turned himself for hindering a secured creditor in November and was also arrested for theft of livestock in October.
TSCRA Special Ranger Bo Fox says Self purchased more than $80,000 worth of cattle throughout the summer of 2017 but did not make any payment for more than a year on the purchased livestock. At the time of his arrest, he still owed about $40,000.
Self was indicted by a grand jury for one charge of felony theft of livestock. He faces up to 10 years in prison or a $10,000 fine.
A separate investigation revealed Self also borrowed about $750,000 for the purchase of cattle in a different county but stopped making payments on the loan in 2018.
Self allegedly had sold the animals and failed to apply the proceeds to his banknote, leading to to losses of more than $500,000.
Fox was charged with a first-degree felony of in that case and has been released from jail on $50,000 bond but faces 5-99 years in prison.
Both charges came after investigations by Special Rangers of the TSCRA.