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McBee Legal Drama Deepens as Feds Seek to Claw Back Assets Transferred to Sons

Feds: McBee Trust Committed Fraud

McBee Legal Drama Deepens as Feds Seek to Claw Back Assets Transferred to Sons

U.S. attorneys asked a federal court to deny a motion to dismiss a federal lawsuit against Steve A. McBee and his sons in an ongoing fraudulent asset transfer lawsuit.

LINCOLN, Neb. (DTN) — Attorneys for Steve A. McBee and his sons have argued the transfer of assets to his sons was part of the...

"McBee Legal Drama Deepens as Feds Seek to Claw Back Assets Transferred to Sons"
McBee Fights Lawsuit Alleging He Hid Assets to Avoid $4M Crop Fraud Restitution

McBee Moves to Dismiss Fraud Lawsuit

McBee Fights Lawsuit Alleging He Hid Assets to Avoid $4M Crop Fraud Restitution

Reality television star Steve McBee and sons are seeking dismissal of federal lawsuit alleging fraudulent asset transfers were made during a crop insurance fraud investigation.

LINCOLN, Neb. (DTN) — Reality television star Steve A. McBee and two of his sons, Cole and Jesse, motioned a federal court to dismiss a...

"McBee Fights Lawsuit Alleging He Hid Assets to Avoid $4M Crop Fraud Restitution"
McBee Fraud Sentencing Moved to Oct.

McBee Fraud Sentencing Moved to Oct.

LINCOLN, Neb. (DTN) — The sentencing of ag reality television star Steve A. McBee was moved back one month by a federal court as federal...

"McBee Fraud Sentencing Moved to Oct."

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What DTN is Watching

Markets

The Energy Information Administration will release their weekly Petroleum Status report on Wednesday morning at 9:30 a.m. CDT. Later in the afternoon at 2 p.m. CDT, USDA will release their monthly Livestock, Dairy, and Poultry Outlook. Traders continue to keep an eye out for new developments in the war in the Middle East.

Weather

Widespread showers and thunderstorms continue across the Central U.S. on Wednesday as yet another system moves through. Though the risks for severe weather are not as great as earlier in the week, pockets of stronger thunderstorms continue to look likely from central Texas up through the Midwest, especially Wednesday afternoon and evening again. Areas of heavy rain may produce more flooding for areas that are consistently hit by thunderstorms, especially in the Great Lakes.

Farm Credit Rates

DTN Ag Interest Rate Snapshot
TODAY- LAST YEAR
as of:4/15/264/15/25
BENCHMARKS
Prime Rate6.758.25
30-Day Libor5.19
1-Year Libor5.91
10-Yr. Treasury4.273.73
CCC Loan Rate4.6255.750

Closing Market Comment