‘Imminent danger’: Lawsuit claims 110K piglets face starvation after fraud accusations

An Iowa ag company accused of operating a billion-dollar check-kiting scheme is being sued by a lender that says 110,000 piglets are at risk of starvation.

Compeer Financial of Minnesota is suing Sunterra Farms Iowa Inc., Sunwold Farms Inc., and Lariagra Farms South Inc. in U.S. District Court. Compeer alleges that the three defendants operate extensive swine operations in Iowa and South Dakota, and have granted Compeer, their lender, exclusive security over their collective assets.

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