Agridime Ordered To Pay Millions In Cattle Ponzi Scheme

Summary

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Podcast Summary

Ranch It Up Radio Show & Podcast

Hosts: Jeff “Tigger” Erhardt & Rebecca “BEC” Wanner
Episode Title: Agridime Ordered To Pay Millions In Cattle Ponzi Scheme
Date: June 20, 2025

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Episode Overview

This episode centers on a significant legal development in the world of rural America and cattle investment: the resolution of the notorious Agridime cattle Ponzi scheme. Hosts Tigger and BEC break down the federal court’s final judgment against Agridime LLC, detailing the penalties, the mechanics of the scheme, and its impact on the ranching community. The conversation serves to inform and warn ranchers and rural investors about fraudulent activities in the cattle market.

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Key Discussion Points and Insights

1. Recap of Agridime’s Cattle Ponzi Scheme

• Background: The hosts first discussed the Agridime story in December 2023 (episode 165).
• Scheme Outline:
  • Agridime LLC, based in Fort Worth, Texas, solicited investments promising annual returns of 15% to 32% on $2,000 cattle purchases.
  • Over 2,000 people were defrauded, totaling $161 million.

2. Details of the Legal Judgment

• Federal Ruling:

  • A Texas federal court issued a final judgment permanently banning Agridime from commodity trading.
  • The company is ordered to pay over $102.9 million in restitution to defrauded customers.
  • Agridime and its co-founders, Joshua Link and Jed Wood, settled the case without admitting or denying allegations but agreed to permanent injunctive relief and waived appeal rights.

• CFTC Allegations:

  • The Commodity Futures Trading Commission (CFTC) accused Agridime of operating a Ponzi scheme:
    • Quote (Tigger, 01:10):

      “A Texas federal court entered a final judgment against Fort Worth based Agridigm LLC, permanently banning the company from commodity trading and ordering it to pay more than $102.9 million in restitution to defrauded customers.”

    • Used new customers’ funds to pay previous investors.
    • Diverted about $11 million in undisclosed commissions to insiders.
  • Quote (Tigger, 01:23):

    “Agridigm falsely promised annual returns of 15% up to 32% on $2,000 cattle purchases and used new customer funds to pay previous investors while diverting about $11 million in undisclosed commissions to insiders.”

3. Restrictions and Future Compliance

• Injunctions:
  • Agridime is permanently barred from commodity trading, soliciting funds, or functioning in any CFTC-registered capacity.
  • The company and its associates can no longer publicly deny the allegations and must ensure organization-wide compliance.
  • Quote (Tigger, 01:36):

    “AgroDigm is also prohibited from publicly denying the allegations and must ensure compliance across its employees and agents.”

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Notable Quotes & Memorable Moments

• Tigger emphasizes the impact and severity of the scheme:

  “The company is now barred from commodity trading, soliciting funds or acting in any cfts registered capacity. AgroDigm is also prohibited from publicly denying the allegations...” (01:33)

• Listeners are encouraged to listen to past coverage for a complete story:

  “If you recall, In December of 2023 we brought you the story of Agridigm and the cattle Ponzi scheme. You can check out that episode in the show notes at ranchitupshow.com...” (01:10)

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Important Segment Timestamps

• 01:10: Start of detailed Agridime update and summary of federal judgment.
• 01:20: Breakdown of CFTC fraud allegations and mechanics of the Ponzi scheme.
• 01:33: Legal consequences, including bans and prohibitions on Agridime moving forward.

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Final Thoughts

This episode of Ranch It Up serves as both a breaking news update and a cautionary tale for the ranching and investment communities. Tigger and BEC offer a straightforward recounting of the Agridime case, clarifying both the scale of the fraud and the legal resolution, and reinforcing their commitment to keeping listeners informed about critical issues facing rural America.

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Transcript

[A]

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[B]

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[A]

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[A]

If you recall, In December of 2023 we brought you the story of Agridigm and the cattle Ponzi scheme. You can check out that episode in the show [e-mail] it's actually episode 165 and we've had updates on Agri Dime as it's become available to us. Well now the recent update and that is A Texas federal court entered a final judgment against Fort Worth based AgriDigm LLC, permanently banning the company from commodity trading and ordering it to pay more than $102.9 million in restitution to defrauded customers. The judgment followed a May 2024 complaint by the Commodity Futures Trading Commission, which alleged Agradigm and co founders Joshua Link and Jed Wood Oper cattle investment scheme that defrauded more than 2,000 people out of $161 million. The Commodity Futures Trading Commission said AgriDigm falsely promised annual returns of 15% up to 32% on $2,000 cattle purchases and used new customer funds to pay previous investors while diverting about $11 million in undisclosed commissions to insiders. Agradigm settled the case without admitting or denying the allegations, but agreed to permanent injunctive relief and waived its rights to appeal, according to the filing. The company is now barred from commodity trading, soliciting funds or acting in any cfts registered capacity. AgroDigm is also prohibited from publicly denying the allegations and must ensure compliance across its employees and agents, and that is your ranch it up. Heard it here. Weekly recap.