Fraud Identification Training Sept-Oct 2022

In the time leading up to the Livestock Commission’s bankruptcy filing and the Gillums’ indictment, records show the Livestock Commission earned $2.2 million in 2017, $1.9 million in 2018 and $225,000 before the commission was shut down in 2019.

Some of the personal property to be auctioned includes office and kitchen equipment from the cafe, such as tables and chairs, computers, refrigerators, ice machine, and a grill.

Some of the stockyard equipment includes tractors, ATVs, mowers, chutes, trailers, gates, tanks, and a welder.

A representative of Bud Palmer Auction said a sale bill will be posted on the company’s website in the coming days.

The trustee has leased the sale barn to Lloyd and Judy Schneider dba Heartland Regional Stockyards, a livestock market agent with a separate license from the Gillums. They are also listed as creditors in the bankruptcy. Hays Post has also tried to contact the Schneiders about the case.

According to court documents, Heartland’s lease will be terminated within six days following the approval of the sale of the real estate by the bankruptcy court.

Any funds from the auction that are greater than what is owed to Almena Bank, TBK or other lien holders will go to the bankruptcy estate, according to court records.

Overcash is set to appear before the bankruptcy court to report on the sale at 9 a.m. June 28 or as soon after the sale as possible.

Any other remaining assets that are not listed in this sale will be sold at a separate, future sale, according to court records.

That includes trucks, a Chevy Camaro, more trailers, semi and other items.