March 7, 2019

A Missouri man who told investors that he was purchasing and reselling cattle at a profit has been sentenced to 8 years in prison and ordered to pay over $3 million in restitution. Cameron Hager, who owned and operated 5A Holdings, LLC, allegedly received $4.7 million dollars from 92 investors under the pretext that he was buying herds of cattle from distressed farmers and selling them to slaughterhouses for a net return of 23-28%. Following complaints by suspicious investors, he eventually admitted to the Missouri Secretary of State’s Securities Division that there were no cattle. USAO WDMO

Tagged in: Financial and Investment Fraud,