Cattle Fraud in MO, Different Kinds
Asking mod to delete my earlier post, as confusing, too late to edit.
@calo,
IIRC Per your link, Clinton, MO. man Cameron J. Hager , 43, was sentenced in Mar. 2019, not arrested, for his 2015-2017 crimes.
Ponzi Scheme = One type of fraud
"A Clinton, Mo., man has been sentenced in federal court for a $4.7 million investment fraud scheme in which he defrauded 92 investors who believed they were purchasing cattle for resale at a profit."
In ^ case, Hager told investors he would buy cattle w $ they invested, would raise, sell & give them % of profit or % interest on 'loan.' He did not buy, raise, or handle any cattle, but just took $$$, did not pay investors back. IOW, he ran Ponzi or pyramid scheme.
Other Type of Fraud, w Actual Cattle
In prior crime Nelson (current POI w Diemels?)
- was provided cattle by cattle-owners and agreed to raise them for $ and eventually they would be sold.
- removed owner-ID tags from ears, sold those cattle, kept the $$$.
Two different types of fraud. ^ jmo, IIUC.
Current events:
IIUC, the Diemels from WI bought cattle (presumably in MO auctions) then were paying Nelson to raise them on his farm/property (local-ish to auction where bought?), and cattle would be sold at approp time. IDK whether contract/arrangement also would give Nelson a bonus/part of profits/etc. after the sale of cattle.
^ No known fraud/crime in contract/agreement itself ^ but we don't know if Nelson was adhering to agreement or if he sold/had plans to sell cattle as his own and keep $ like he did before.
If so ^, reason to suspect Nelson as POI in Diemels' disappearance.
All jmo, sorry for earlier confusing post.
