The Cattle Empire That Turned Out to Be a Giant Ponzi Scheme - WSJkept by eddie • jun 08A former chemicals plant worker ran a $170 million cattle operation that was actually a Ponzi scheme sustained by phantom livestock and fraudulent financial reports.AboutBrian McClainFiled#agriculture#finance#fraudRelatedA.I. Is Making Scams Hard to Spot. Here’s How to Protect Yourself.AI-generated deepfakes and voice clones make scams harder to detect, requiring new verification habits like safe words and direct callback.also on #fraudDelve removed from Y CombinatorY Combinator removed Delve, an AI compliance startup, from its program following allegations of license violations and fraud in its compliance verification service.also on #fraudEarl St SauverEarl St Sauver co-founded Apollo Agriculture, a company that builds impactful agricultural solutions with admired colleagues.also on #agriculture
The Cattle Empire That Turned Out to Be a Giant Ponzi Scheme - WSJ