“Ghost Cattle” Scam Results in $244 Million Loss: No Bull

“Ghost Cattle” Scam Results in $244 Million Loss: No Bull

A recent case highlighted by the United States Department of Justice (DOJ) involved a $244 million loss incurred by major American meat company Tyson Foods and another unnamed organization with a peculiar commodity at the heart of the fraud scheme: ghost cattle. One might wonder how a company could have lost hundreds of millions of dollars due to bovines from the beyond; or maybe ask whether a ghost cow says “moo” or “boo” instead.

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