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US Business · txnb.uscourts.gov · Tuesday, 16 June 2026

Bankers Unmasked in $170 Million Ghost Cattle Ponzi

Bankers backed Brian McClain’s ghost‑cattle empire, then discovered the herd existed only on paper. The March 2026 bankruptcy court ruling strips the four banks of liability shields, exposing investors to losses from a $170 million fraud that inflated cattle inventories across Texas and Kentucky.

Read the source: txnb.uscourts.gov ↗In the 16 June issue →