Glasgow Daily Times, Glasgow, KY

Local News

June 24, 2013

Farmers are still fighting for justice

GLASGOW —

Two and a half years since local farmers received cold checks in exchange for their cattle, and more than a year after company executives entered guilty pleas to theft, 90 Kentucky and Tennessee farmers are still in court seeking justice in the aftermath of a fraud scandal that engulfed much of the U.S. livestock and farming industries.

For local farmers, it started on Nov. 2, 2010. Cattle farmers took their livestock to the Edmonton Buying Station and sold them to Eastern Livestock LLC, not realizing they were receiving cold checks as payment. They later found out that Eastern Livestock’s creditor, Fifth Third Bank, had uncovered a check kiting scheme put in place by the livestock company’s executives. The bank cut off Eastern Livestock’s line of credit without warning, causing nearly $900,000 worth of checks written to Edmonton Buying Station sellers to bounce. While the Kentucky attorney general’s office pursued criminal litigation against the company executives, and succeeded, attention has now been turned to the bank’s executives.

Read more of this story in the print or digital Glasgow Daily Times. http://glasgowdailytimes.cnhi.newsmemory.com/

 

1
Text Only
Local News
AP Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
Facebook
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Seasonal Content
Video