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

  • Slaughter Cows and Bulls Sold 2.00-3.00 Lower at OKC West Auction Monday, March 18, 2019  Mon, 18 Mar 2019 17:53:08 CDT
  • Oklahoma Seems to be the Sweet Spot for Winter Wheat At the Moment, According to Crop Progress Report  Mon, 18 Mar 2019 17:45:14 CDT
  • National Pork Board and RIPE.IO Partner to Enhance Responsible Pig Farming Practices Through Blockchain  Mon, 18 Mar 2019 16:02:53 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 pm Monday, March 18, 2019  Mon, 18 Mar 2019 15:50:07 CDT
  • China is Now Largest Beef Importing Country, Replacing the U.S. as Principle Driver of World Beef Prices   Mon, 18 Mar 2019 15:47:11 CDT
  • American Farmland Trust Partners with Seal the Seasons to Raise Consumer Awareness of the Threats to the Land that Sustains Us  Mon, 18 Mar 2019 12:38:09 CDT
  • NPPC Statement On Illegal Pork Seizure  Mon, 18 Mar 2019 10:20:41 CDT
  • Selecting for Leg and Hoof Structure- Dr. Jennifer Bormann Says a Genetic Baseline is Being Developed  Mon, 18 Mar 2019 09:04:56 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.