TUCSON, Ariz. (AP) - An Arizona rancher has been sentenced to nearly 3 ½ years in federal prison for his role in embezzlement and wire fraud schemes.
Prosecutors said 62-year-old Donald Hugh Nichols of Coolidge received a 41-month prison term after he pleaded guilty to wire fraud in U.S. District Court in Tucson.
Between 2013 and 2017, prosecutors said Nichols engaged in a scheme to steal cattle from the Marana Stockyards and Livestock Market, an entity which hosts weekly livestock auctions for Arizona ranchers.
As a cattle broker for third-party buyers, Nichols also illegally bid on his own cattle without the buyers’ knowledge or consent.
Prosecutors said some of the cattle that Nichols purchased on behalf of third-party buyers were stolen from Marana Stockyards.
As a result of these fraud schemes, Marana Stockyards lost more than $1 million.
Nichols’ son, Seth Nichols, previously pleaded guilty for his role in the schemes and was sentenced in December 2018 to 60 months in federal prison.
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