Blog Post

Texas cattle feeding Ponzi scheme exposed

Three individuals have reportedly committed suicide in connection with a $150-million-plus cattle feeding Ponzi scheme that was recently exposed. Speaking on condition of anonymity, one source said Brian McClain, of McClain Farms in Benton, Ky., who orchestrated the scheme and committed suicide in mid-April, promised a 15% return to those who invested in his Texas-based 7M Cattle Feeders Inc. and McClain Feed Yard Inc. A commodity broker as well as one investor have also reportedly committed suicide, the source said.

McClain Farms Inc., 7M Cattle Feeders Inc. and McClain Feed Yard Inc….

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