Ponzi scheme beef company ordered to pay $103 million
A box used by Agridime, now known as American Grazed Beef, to ship frozen meat products to consumers. (Jeff Beach/North Dakota Monitor)KILLDEER, N.D. (North Dakota Monitor) — A court has ordered the cattle and beef marketing company Agridime to pay $103 million in restitution after operating as a Ponzi scheme that cost North Dakota investors an estimated $40 million. Meanwhile,…
