Attorneys argued Easterday’s addiction led him to take chances in the cattle futures market, where he lost some $200 million. In attempt to cover the losses, according to court records, Easterday engaged in a four-year scheme to defraud Tyson to make up for the losses.
As part of the supervised release, Easterday will be required to complete a mental-health evaluation and follow any treatment recommendations.
In a pre-sentencing memorandum filed by Easterday’s attorneys they said the rancher is sorry for his actions.
“Here, the court is sentencing an individual who has devoted his life to expanding a family business and helping countless employees, business associates, and members of the community over his life,” the memo said.
“Mr. Easterday has substantial community ties and family support. Mr. Easterday’s multitude of altruistic actions range from giving employees unexpected opportunities for advancement, to housing for employees in need, to assisting migrant workers obtain citizenship, and supporting every community event or need financially and by his own labor. Mr. Easterday is extremely remorseful with his conduct having destroyed Easterday Farms and the associated impact.”
The Easterday Ranches saga drew national attention when a company connected to the…
