MR Cattle Ponzi Investigation

06.28.2021

Girard Sharp is investigating potential claims on behalf of MR Cattle investors based on reports that Mark Ray and his associates were running a multimillion-dollar cattle-flipping Ponzi scheme.

If you invested in MR Cattle, or other Mark Ray businesses, you may have a claim for relief.

Protect your rights by speaking with a Girard Sharp investment fraud attorney—dial (866) 981-4800 or submit your information below. 

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More Information on the MR Cattle Ponzi Scheme

In April 2021, a federal grand jury charged Mark Ray and his associates, Reva Stachniw and Ron Throgmartin, with soliciting investments in a cattle-trading business and using new investor money for personal use or to pay earlier investors, in a $650 million Ponzi scheme. 

According to the Department of Justice, Ray and his associates told investors that their money would be backed by short-term investments in cattle; they solicited money for the Colorado-based marijuana business, Universal Herbs LLC; and they falsely promised investors that their money would be used for legitimate cattle- or marijuana-based business activity. In all three variations of the scheme, investors were promised returns of approximately 10-20% over periods as short as several weeks. The DOJ alleged that investors lost millions of dollars. 

Other Mark Ray businesses we are investigating include:

  • Custom Consulting and Product Services, LLC
  • MR Cattle Production Services, LLC
  • Universal Herbs, LLC; DBC Limited, LLC
  • RM Farm and Livestock, LLC
  • Sunshine Enterprises

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Girard Sharp has earned national Tier 1 rankings for Mass Tort and Class Action Litigation and has been named to the U.S. News – Best Lawyers “Best Law Firms” list each year since 2013. Read about some of our results

We have recovered over a billion dollars for our clients against some of the nation’s largest corporations, such as Raymond James, Peregrine Financial Group, and OppenheimerFunds, in cases arising from securities fraud, false advertising and other unfair business practices.

For a free consultation about your potential claims, contact one of our investment fraud attorneys at (866) 981-4800 or by filling out the form above.

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