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Ghost Cattle Fraud Hits Legal Dead End | Lexington News
A massive cattle fraud scheme orchestrated by Brian McClain, which swindled nearly $2 billion, has hit a major legal snag. After McClain’s suicide in 2023, the bankruptcy trustee trying to recover funds for victims lost a key lawsuit against four banks — thanks to a centuries-old legal doctrine called “in pari delicto,” which shields parties equally at fault. Ironically, the trustee’s own damning evidence of McClain’s fraud backfired, strengthening the banks’ defense. While the trustee argues one bank, Rabo AgriFinance, was an “insider” with excessive control, the court’s ruling has largely…
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