MIDLAND - A Midland man has pleaded guilty to federal wire fraud charges.
According to the report, 44-year-old James Jones managed several ranch properties with Stampede Ranch and Lease Management back in 2011.
Jones agreed to buy $250,000 worth of cattle with one of the properties, J.J.B. Lands.
The money was wire transferred to a Stampede bank account.
Jones admitted that he did not use all of the money from J.J.B. Lands for cattle purchases and that he spent the money for personal use.