Cody Easter Day is accused of stealing more than $30 million in cattle from a feedlot. He also lost millions on the futures market, which he used to hedge his bet against corn prices. "It's not that easy to win and it's really not thateasy to lose that frequently either," says CNN's John Sutter.
Cody Easterday was ranching royalty in Washington state until he was sentenced to 11 years in prison for swindling two companies out of $244 million. KUOW’s Anna King — host of the Ghost Herd podcast — explains.
This episode was produced by Hady Mawajdeh, edited by Amina Al-Sadi, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
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