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Rice County Woman Pleads Guilty In Cattle Fraud

KSAL Staff - June 24, 2013 2:44 pm

cows

A Rice County woman admits to a cattle fraud scheme.

According to U.S. Attorney Barry Grissom, 37-year-old Carrie L. Frederick of Sterling pleaded guilty to three counts of wire fraud.

In her plea, Frederick admitted she embezzled money while she worked for Sellers Farms, Inc., a livestock feeding operation in Lyons. She caused money to be sent from Sellers Farms’ accounts to Golden Belt Feeders, Inc., of St. John to pay debts she owed from trading cattle when she worked for Golden Belt. There were three transactions of embezzled funds totaling more than $211,000.

Sentencing is set for Sept. 11.

Frederick faces a maximum penalty of 30 years in federal prison and a fine up to $1 million on each count.

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