$3M cattle fraud puts 2 Arizona families on financial brink
About $3 million worth of cattle was stolen from an Arizona family by a man they once considered a friend, prosecutors said in court documents. The fraud has pushed both families to the brink of financial ruin, the Arizona Daily Star reported . Longtime cattleman and rodeo cowboy Clay Parsons discovered last August that $1.3 million was missing from the accounts of the Marana Stockyards and Livestock Market, which his family has run since the early 1990s. It is one of the busiest stockyards in all of Arizona.