The Commodity Futures Trading Commission (CFTC) announced this week that a federal judge has granted a permanent injunction against Cody Easterday and is requiring him to pay a $1 million civil monetary penalty in connection with a phantom cattle fraud scheme. In a parallel criminal action, Easterday previously was sentenced to 11 years in prison and ordered to pay $244 million in restitution.
In addition to requiring Easterday to pay $1 million civil monetary penalty, the order permanently enjoins Easterday from further violating the Commodity Exchange Act and CFTC regulations, as…
