Additionally, the regulator alleged that Easterday Ranches reported false information about its cattle inventory, purchases, and sales to the Chicago Mercantile Exchange in 2017 and 2018 to avoid an investigation and disciplinary action
On Friday, Chief Judge Stanley A. Bastian of the U.S. District Court for the Eastern District of Washington issued the order against the defendants. The chief judge specifically ordered to pay $233,008,042 in restitution and a $30 million civil monetary penalty. He also ordered the defendants to cease and desist from further violating the anti-fraud provision of the Commodity Exchange Act and CFTC regulations.
