Deal Reached On Sale Of Ponzi Scheme Cattle Company

It’s the Ranch It Up Radio Show Herd It Here Weekly Report!  A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads.  Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC' by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. EPISODE 49 DETAILS Deal Reached On Sale Of Ponzi Scheme Cattle Company Ponzi Scheme Cattle Company, Agridime, Has Been Sold   Ponzi Scheme Cattle Company Agridime Sells To North Dakota Investor North Dakota rancher Wylie Bice and his partner are set to acquire Agridime, a beef marketing company exposed as a Ponzi scheme, for approximately $15.7 million. Now operating under the name American Grazed Beef, Agridime sells beef and other products directly to consumers online. Bice’s company, Sheer Marketing LLC, has already begun purchasing calves from North Dakota and other states for processing into steaks next year. A court hearing to approve the sale is scheduled for October 7, with objections allowed until October 2. Agridime, which owes millions to investors after collapsing due to its Ponzi scheme structure, has been under the supervision of a court-appointed receiver, Stephen Fahey. The SEC alleges Agridime raised $191 million from over 2,100 investors, with North Dakota investors owed about $40 million. The purchase includes the company’s frozen meat supply, equipment, and land in Kansas and Illinois, some of which may be sold. Bice aims to restore cattle processing to five or six semi-loads per week by next year and has seen a 38% rise in direct sales since the start of the year.  For the complete article, click HERE. SPONSORS Trans Ova Genetics https://transova.com/ @TransOvaGenetics American Gelbvieh Association https://gelbvieh.org/ @AmericanGelbvieh Allied Genetic Resources https://alliedgeneticresources.com/ @AlliedGeneticResources Axiota Animal Health https://axiota.com/ @MultiminUSA Jorgensen Land & Cattle https://jorgensenfarms.com/ @JorLandCat Ranch Channel https://ranchchannel.com/ @RanchChannel   Questions & Concerns From The Field? Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420 Or email [email protected] FOLLOW Facebook/Instagram: @RanchItUpShow SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup Website: RanchItUpShow.com https://ranchitupshow.com/ The Ranch It Up Podcast is available on ALL podcasting apps. https://ranchitup.podbean.com/   Rural America is center-stage on this outfit. AND how is that? Because of Tigger & BEC... Live This Western Lifestyle. Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com https://tiggerandbec.com/ #RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming REFERENCES https://www.cattlebusinessweekly.com/articles/ponzi-scheme-company-selling-to-n-d-investor/ https://www.inforum.com/news/north-dakota/deal-reached-on-sale-of-ponzi-scheme-cattle-company-to-north-dakota-investor