Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   

Agricultural News


Suspect Charged, Arrested in Million Dollar Cattle Embezzlement Case Investigated by TSCR Rangers

Fri, 13 Apr 2018 16:34:10 CDT

Suspect Charged, Arrested in Million Dollar Cattle Embezzlement Case Investigated by TSCR Rangers On April 12, 2018, Marty Robert Maahs, 33, turned himself in to the Jackson County Sheriff’s Department. A warrant was issued for his arrest as the result of an investigation by Texas and Southwestern Cattle Raisers Association (TSCRA) Special Ranger Scott Williamson.



In early 2017 Williamson initiated his investigation after being contacted by Frazer Bank in Altus. Bank officials were concerned of possible illicit activities by Maahs in connection to a bank loan valued at more than $1 million, in which he put up cattle as collateral. Through the course of the investigation Williamson discovered that Maahs had disposed of livestock proceeds without payment to the bank. The investigation also revealed embezzlement of livestock funds, false statement and representation of collateral to the bank and the sale of mortgaged personal property without payment to the bank.



The investigation led to three felony counts: embezzlement greater than $25,000, obtaining by trick or deception greater than $1,000 and chattel encumbered greater than $1,000. The three charges could land Maahs in prison for up to 23 years. He also faces possible fines of more than $15,000 and restitution to the bank exceeding $1 million.



After turning himself in on April 12, 2018, Maahs was booked into the Jackson County Jail. He was subsequently released on bond and is awaiting trial.



Financial crimes can have a detrimental impact on other law-abiding cattle producers. According to Williamson, when criminals defraud financial institutions, as alleged in this case, it can make credit harder to obtain and more expensive for others who rely on those same financial tools.




Source - Texas and Southwestern Cattle Raisers Association




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Monday Market Wrap-Up with Justin Lewis  Mon, 23 Apr 2018 18:42:30 CDT
  • Introducing Your 2018 Star in Ag Production, Rhett Taylor of the Okemah FFA Chapter  Mon, 23 Apr 2018 18:29:51 CDT
  • USDA Undersecretary Bill Northey Tours Wildfires, Announces Changes to FSA Disaster Programs  Mon, 23 Apr 2018 18:21:26 CDT
  • Southern Plains Wheat Crop Remains Stuck in Poor to Very Poor Condition- While Early Corn Planting Going Slow-  Mon, 23 Apr 2018 18:16:14 CDT
  • Mark Hodges Named Extending the Legacy Award Winner for 2018 by Oklahoma Wheat Commission  Mon, 23 Apr 2018 09:44:55 CDT
  • Derrell Peel Believes Latest Cattle on Feed Report Provides Evidence of Heifer Retention Slowing Significantly  Mon, 23 Apr 2018 09:30:41 CDT
  • Monday Preopening Market Update with Dave Lanning  Mon, 23 Apr 2018 07:21:32 CDT
  • Rhea Fire Now 49 Percent Contained- 34 Complex Fire 85 Percent Contained After Rains Damp Both Down Some  Sun, 22 Apr 2018 17:02:11 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association Oklahoma City Farm Show

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.