|FOR IMMEDIATE RELEASE||CONTACT: DAVILYN WALSTON|
|TUESDAY, AUGUST 4, 2009||PUBLIC INFORMATION OFFICER|
|WWW.USDOJ.GOV/USAO/txe||PHONE: (409) 839-2538 CELL: (409) 553-9881|
SHELBY COUNTY MAN GUILTY IN ILLEGAL CATTLE SALE
TYLER, TX – U.S. Attorney John M. Bales announced today that a 35-year-old Center, Texas man has pleaded guilty to federal charges in the Eastern District of Texas.
BRYAN W. LIVINGSTON pleaded guilty to disposing of property that was mortgaged to a farm credit agency today before U.S. Magistrate Judge John D. Love.
According to information presented in court, on Nov. 9, 2004, Livingston sold approximately 231 head of cattle which had been mortgaged to the U.S. Department of Agriculture's Farm Service Agency as security for a loan. The cattle were valued at $104,491.51. The sale took place without authorization from FSA and Livingston failed to apply the proceeds of the sale towards his outstanding loan. Livingston was indicted by a federal grand jury on Apr. 8, 2009.
Livingston faces up to 5 years in federal prison at sentencing. A sentencing date has not been set.
This case is being investigated by the U.S. Department of Agriculture and prosecuted by Assistant U.S. Attorney Frank Coan.
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