The Department of Justice recently announced a six-year prison sentence for two individauls involved in a cattle-trading Ponzi scheme that resulted in millions of dollars in victim losses.
According to court documents, from late 2017 until early 2019, Reva Joyce Stachniw, 71, of Galesburg, Illinois, and Ron Throgmartin, 59, of Buford, Georgia, along with a co-conspirator, ran a Ponzi scheme by fraudulently representing to victims that their investments were backed by short-term investments in Stachniw and Throgmartin’s cattle and marijuana businesses. The victim-investors gave the…
