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Feedyard operator sentenced for fraudTell North Platte what you think

On Thursday, March 23, U.S. District Judge John M. Gerrard sentenced Alan Ostrander, 45, of Omaha to five years’ probation. Ostrander pled guilty to criminal charges of wire fraud and willful failure to file tax returns. 

The federal prosecution stemmed from actions by Ostrander while he managed the Big Drive Cattle feed yard near Fullerton during 2009-10. 

Ostrander must pay restitution of $27,876 to Elkhorn Valley Packing for selling its cattle but not paying over the proceeds of the sale.

He must pay restitution of $20,800 to the former owners of Big Drive Cattle for converting its funds to his own use. 

Also, Ostrander must cooperate with the Internal Revenue Service in the determination, calculation, and collection of taxes he owes for the years 2009-10.

“The term voluntary compliance means that each of us is responsible for filing a tax return when required and for paying the correct amount of tax,” said Karl Stiften, Special Agent in Charge of IRS Criminal Investigation for Nebraska. “This responsibility should not be taken lightly.”

The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service, Stuart said.

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The North Platte Bulletin - Published 3/25/2017
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