For those who lost money to Eastern Livestock in the fall of 2010 and those who have fought to prosecute the men behind the scheme that stole hundreds of thousands of dollars from local farmers, Tuesday was a day to celebrate. The four defendants in the local Eastern Livestock case entered guilty pleas as well as payment plans for full restitution in Metcalfe Circuit Court on Tuesday morning.
It’s been an 18-month battle that has involved 172 farmers, four defendants, four defense attorneys, two prosecutors and two investigators, along with the full force of the Kentucky Attorney General’s office, the Western District of Kentucky U.S. Attorney General’s office, the Federal Bureau of Investigation and the U.S. Department of Agriculture. On Nov. 2, 2010, local farmers went to the Edmonton buying station to sell their cattle to companies like Eastern Livestock, as usual. They handed over the cattle, and received checks in return, a total of more than $840,000. The checks turned out to be cold, and within days an investigation was launched. A month later, Eastern Livestock declared bankruptcy and farmers generally thought their money was lost forever.
For the full story, read Wednesday's print or e-edition of the Glasgow Daily Times.