Cattle Rancher loses $200M of Tyson's Money Trading Futures

Discussion in 'Wall St. News' started by guru, Apr 7, 2021.

  1. Overnight

    Overnight

    Do NOT order food from this place! Sure, they source their meat locally, but really, one can never be sure how "locally".

    https://holifieldsausage.com/
     
    #21     Apr 7, 2021
    murray t turtle likes this.
  2. Millionaire

    Millionaire

    He verbally says 'Kellag' instead Kellogg at about 30 seconds in as well. I caught that back when i first saw the film about 20 years ago.

    I always thought it was deliberate on the part of the film makers, keep some of the names semi fictitious to avoid libelling
     
    Last edited: Apr 7, 2021
    #22     Apr 7, 2021
  3. newwurldmn

    newwurldmn

    good point.
     
    #23     Apr 7, 2021
  4. BMK

    BMK

    The original Bloomberg article says:

    Hmmm... I wonder where they found the cattle? If they weren't on the ranch, then where were they? How the hell do you hide 200,000 cows??

    LMAO
     
    #24     Apr 7, 2021
  5. Amazing that he was able to get away with it for so many years. Considering that the cattle were supposed to be owned by Tyson, and they were only being managed by the rancher, how did Tyson not perform at least an annual audit where they send a person to see the cattle? 200,000 fake cattle? A single in person audit would have flagged it much sooner.
     
    #25     Apr 8, 2021
  6. guru

    guru

    They did, but he kept falling asleep every time he counted to 100.

    upload_2021-4-8_7-26-53.jpeg
     
    #26     Apr 8, 2021
  7. Probably got him drunk on Bourbon the moment he stepped off the plane. Wouldn't be surprised if the inspector was involved too. "I trust you Mr. Rancher, let's go to the bar early"
     
    #27     Apr 8, 2021
    guru likes this.
  8. JSOP

    JSOP

    Me too. I thought somebody was trying to screw with Mike Tyson too. LOL Ironically I think he would've been more careful if he was really dealing with Mike Tyson...
     
    #28     Apr 10, 2021
  9. JSOP

    JSOP

    And considering he is in the cattle business himself.
     
    #29     Apr 10, 2021
    murray t turtle likes this.
  10. JSOP

    JSOP

    No Greensill is different. Greensill was in a business to provide a valuable service to a sector of a business that was being ignored by the Big Banks simply because they were not profitable. Greensill's having financial trouble largely due to the covid-19 that has slowed down the businesses of his clients to the point of defaulting on their loans and the insurance companies bailing on him at the time of need (very typical of insurance companies, never there when you need them) but he had a successful business model that was working. Before Covid-19, he was doing very well and there was no fraud. All Greensill needs right now is this guy: Somebody to just give pledge their funds to tie him over this difficult period, something the insurance companies were supposed to do.

    Whereas this Easterday is different. He was engaging in fraud all alone just for him to engage in financial trading that never worked. The guy was losing money EVERY DAY!!! For TEN YEARS!!! And he defrauded companies to feed his "trading business" aka gambling addiction. Hope he gets some therapy for his gambling addiction when he's doing time in jail.
     
    #30     Apr 10, 2021