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A tentative settlement has been reached to allocate money from the fraud-driven bankruptcy sale of Cody Easterday's farms in Eastern Washington. The agreement between the Easterday family and creditor committees was filed in U.S. Bankruptcy Court.
Cody Easterday's bankrupt operations will pay the Commodity Futures Trading Commission $30 million, but only after other creditors are paid, according to an order approved Wednesday by a federal judge in Washington.
The CFTC charges were filed in the U.S. District Court for Eastern Washington one day after Cody Easterday pleaded guilty in the same court to committing wire fraud against Tyson Foods and another unnamed company of more than $244 million.
Plans to reopen Oregon's second-largest dairy remain unchanged, despite the new owners — a prominent farm family based in southeast Washington — facing allegations of fraud by Tyson Foods.
The alleged fraud includes a COVID-19 testing scheme to test employees for the virus.