North Dakota Securities Commissioner Karen Tyler has ordered Joshua Link and Agridime LLC to cease and desist from selling unregistered securities, acting as an unregistered broker-dealer, issuer-dealer or agent, and engaging in fraudulent practices in connection with the offer and sale of securities.
Link and Agridime allegedly sold investment contracts represented to be investments in cattle, and information obtained by the Department indicates the company has sold at least one investment contract to a North Dakota investor.
Agridime was organized in the state of Texas on April 13, 2017. Link is a resident of Arizona and is executive director and an owner of the company.
From at least October 10, 2021, until May 12, 2023, Agridime engaged in public general solicitation for investors through its website and through Facebook. Investors were solicited to purchase cattle at $2,000 per head and “make money raising cattle without having to do all the work.” Investors were promised at least a “guaranteed 15-20%” annual return on their one-year investment and were also promised a higher rate of return if they renewed their investment instead of liquidating at the end of their original contract.
Agridime and Link are also the subjects of a cease and desist order issued by the Arizona Corporation Commission in April of this year.
ND Securities Department press release
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