WebNov 11, 2024 · SIOUX FALLS, S.D. (KELO) — Many investors and the public are left with questions following a guilty plea in the biggest case of cattle fraud in South Dakota. … WebFeb 12, 2024 · Blom is currently out on work release in Faulkton, South Dakota. Blom is also facing grand theft charges in Douglas County for writing a bad check for nearly $106,000 for a cattle payment.
South Dakota man sentenced for wire fraud in cattle …
WebNov 10, 2024 · In the case of Bob Blom, the scheme started in 2015 when the bottom dropped out of the cattle market and the cost of feed skyrocketed. Blom had taken in investor money to feed their cattle but couldn’t give them the kind of return he promised. So, he started taking money from new investors for the same groups of cattle to pay off … WebMay 20, 2024 · Robert L. Blom of Corsica, S.D., on May 13, pleads not guilty to writing a $134,837 check to a North Dakota cattle buyer Paul D. Gader of Lehr, N.D. (Mikkel Pates / Forum News Service) haggar straight fit men\u0027s pants
South Dakota man accused of running cattle Ponzi scheme - Valley News Live
WebNov 5, 2024 · (Corsica, SD) -- A Corsica farmer is ordered to pay back 24-million dollars in one of the biggest cases of cattle fraud in South Dakota history. Robert Blom was sentenced in federal court yesterday to seven-and-a-half years in prison. He was charged with wire fraud and money laundering for selling the same cattle to multiple … WebNov 5, 2024 · RAPID CITY, S.D. (AP) — A South Dakota feedlot operator who pleaded guilty to operating a Ponzi cattle scheme has been sentenced to nearly eight years in prison. Prosecutors said Robert Blom, of Corsica, resold the same cattle to multiple investors and made a profit of about $24 million from 2014 to 2024. WebMar 16, 2024 · Robert L. Blom of Corsica, S.D., on May 13, pleads not guilty to writing a $134,837 check to a North Dakota cattle buyer Paul D. Gader of Lehr, N.D. (Mikkel … haggar straight fit vs classic fit