Texas Man Sells Livestock Used as Collateral for FSA Loan

A Texas man pleaded guilty to charges of selling cattle that was used as collateral on a USDA Farm Service Agency Loan. Michael Kord Chapman sold about 158 head of cattle valued at more than $83,400 and kept the money instead of paying the loan. Chapman could receive up to five years in prison. Read more (KYTX 19).

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