RAPID CITY, S.D. – A South Dakota feedlot operator who pleaded guilty to operating a Ponzi cattle scheme has been sentenced to nearly eight years in prison. Prosecutors say Robert Blom, of Corsica, resold the same cattle to multiple investors and made a profit of about $24 million from 2014 to 2019. He resold cattle he didn’t have, falsified invoices…
BISMARCK, N.D. — A North Dakota grain trader accused of running his business like a Ponzi scheme has been sentenced to 8 years in prison. The judge has also ordered 22-year-old Hunter Hanson of Leeds to pay over $11 million in restitution. He will also have to forfeit property. Hanson pleaded guilty in July to charges of wire fraud and…
BISMARCK, ND — North Dakota regulators are raising questions about a plea deal a grain trader reached with federal prosecutors. Prosecutors allege 22-year-old Hunter Hanson of Leeds was running his grain business like a Ponzi scheme. Hanson plans to plead guilty to money laundering and wire fraud charges. The deal calls for him to forfeit his assets and pay $11.4…
BISMARCK, ND — A Leeds, North Dakota man is expected to plead guilty in a multi-million dollar Ponzi scheme that targeted North Dakota, Minnesota and Canadian farmers and businesses. 22-year-old Hunter Hanson is charged with wire fraud, money laundering and forfeiture. Under the terms of the plea agreement, Hanson has agreed to plead guilty to the charges and pay full restitution…
