Cameron J. Hager pleaded guilty in federal court Tuesday to wire fraud and money laundering in connection with a scheme where he defrauded investors who believed they were purchasing cattle for resale at a profit.
The 42-year-old Clinton, Mo., man collected $4.7 million from 89 investors in amounts from $1,000 to $267,000, claiming he would invest the money to purchase cattle from farmers in distress, move them to feedlots his company owned and then sell them for a profit. Hager promised returns…
Cameron J. Hager pleaded guilty in federal court Tuesday to wire fraud and money laundering in connection with a scheme where he defrauded investors who believed they were purchasing cattle for resale at a profit.
The 42-year-old Clinton, Mo., man collected $4.7 million from 89 investors in amounts from $1,000 to $267,000, claiming he would invest the money to purchase cattle from farmers in distress, move them to feedlots his company owned and then sell them for a profit. Hager promised returns…