Read the story here. Advertise at Before It's News here.
Profile image
By Science and Technology
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Farm Broker Pleads Guilty to Wire Fraud, Stole Millions from Investor

% of readers think this story is Fact. Add your two cents.

 MACON, Ga. – A farm broker has pleaded guilty to wire fraud in a scheme to defraud an investor of up to $2.1 million.

Collis Robert Todd, aka C. Robert Todd, aka Collis Todd, aka Robert Todd, aka Robert C. Todd, 64, of Jesup, Georgia, pleaded guilty to one count wire fraud before U.S. District Judge Marc Treadwell. Todd faces a maximum twenty years of imprisonment to be followed by three years of supervised release and a maximum fine of $250,000. Sentencing is August 18. There is no parole in the federal system.

“Those who lie their way to an illegal profit can expect to be prosecuted,” said Acting U.S. Attorney Peter D. Leary. “Defrauding people and small businesses out of their hard-earned money with deceit and manipulation is a criminal offense. I want to thank the FBI for unraveling this scheme and bringing the defendant to justice.”

“Todd deceived an investor into believing the investor’s money would make legitimate gains only to find out the money was going into Todd’s pockets,” said Chris Hacker, Special Agent in Charge of FBI Atlanta. “It is a stark reminder to investors to be very careful where they entrust their money. The FBI is committed to find investment predators no matter how clever they think their schemes are.”

Todd worked as a cattle and corn broker from 2008 through 2017. During that time, Todd entered into an agreement with an investor who supplied the money used to execute deals negotiated and conducted by Todd. The general understanding was that profits would be split evenly. Todd did not invest the money as promised in certain deals, instead using it for his own purposes. Todd sometimes sent money back to the investor representing the amount to be profit, which was not true. This was done to disguise Todd’s theft and to keep the investor investing in current and future deals. Todd’s deceit continued when he made a phone call on November 6, 2016 to the investor’s business manager, claiming he would sell cows and calves he previously purchased on behalf of the investor, with the investor’s money, as part of the “Big Cow” deal and transmit the proceeds to the investor. In fact, the cows and calves did not exist. The investor was schemed out of an amount not to exceed $2,137,000.

The case was investigated by the FBI. Assistant U.S. Attorney Paul McCommon is prosecuting the case.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.