{"id":10863,"date":"2022-10-07T10:14:29","date_gmt":"2022-10-07T14:14:29","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10863"},"modified":"2022-10-07T10:14:29","modified_gmt":"2022-10-07T14:14:29","slug":"ponzi-scheme-all-hat-no-cattle","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/ponzi-scheme-all-hat-no-cattle\/","title":{"rendered":"Ponzi Scheme \u2013 All Hat, No Cattle"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims across the country. \u00a0The alleged Ponzi schemers, revealed Tuesday, May 11, 2021, by an unsealed federal indictment in Colorado, are Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Buford, Georgia. In 2020, a third man, Mark Ray, resident of Denver, was charged by criminal information in the scheme.  According to the indictment, beginning around early 2017 and continuing through early 2019, victim-investors were directed to wire money into several bank accounts, primarily a checking account associated with an Illinois-based business called RM Farm &amp; Livestock LLC. Victims were also directed to make payments directly to purported business associates but who were in fact other victim-investors. \u201cFalse and fraudulent pretenses\u201d were also used to solicit money for a Colorado marijuana business controlled by Stachniw, Throgmartin, and Ray, Universal Herbs LLC, the indictment says.  Silver Law Group is a national securities and investment fraud law firm which represents Ponzi scheme victims in claims against the Ponzi schemer and any third parties who materially participated in the fraud or are otherwise liable under the law.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims across the country. \u00a0The alleged Ponzi schemers, revealed Tuesday, May 11, 2021, by an unsealed federal indictment in Colorado, are Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Buford, Georgia. In 2020, a third man, Mark Ray, resident of Denver, was charged by criminal information in the scheme. <a href=\"https:\/\/www.silverlaw.com\/blog\/ponzi-scheme-all-hat-no-cattle\/#more-10863\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims across the country. \u00a0The alleged Ponzi schemers, revealed Tuesday, May 11, 2021, by an unsealed federal indictment in Colorado, are Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Buford, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[],"class_list":["post-10863","post","type-post","status-publish","format-standard","hentry","category-investment-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ponzi Scheme \u2013 All Hat, No Cattle &#8212;<\/title>\n<meta name=\"description\" content=\"Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/ponzi-scheme-all-hat-no-cattle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ponzi Scheme \u2013 All Hat, No Cattle &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ponzi Scheme \u2013 All Hat, No Cattle &#8212;","description":"Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from 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