JEFFERSON CITY, Mo. - One of the biggest fraud schemes of its type has been stopped in Missouri. Cathy M. Gieseker, owner of a northeast Missouri trucking company and grain elevator, was arrested and charged with 15 state and federal felony violations. Prosecuters say the scheme is expected to cost farmers up to $50 million.

Gieseker was charged Monday with stealing, unlawful merchandising practices and withholding records or filing false financial statements. The U.S. Attorney's office in St. Louis also on Monday revealed grand jury indictments from July 16 accusing Gieseker of felony mail fraud, wire fraud and interstate transportation of stolen property.

If convicted, she could face up to 120 years in prison on the state charges and 50 years on the federal charges.

Source: CattleNetwork

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