MR Cattle Ponzi Investigation
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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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.