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Judge says 20-year sentence fits Hoyt’s $100 million crimes

"This isn't a celebration because it's a sad day when human beings can do that to people — the misery he brought — and it ain't over for a bunch." —Joyce Heard of Ceres, Calif.

PORTLAND " It is, the judge acknowledged, quite likely a life sentence.

U.S. District Judge Robert E. Jones showed no leniency Tuesday toward convicted Harney County swindler Walter "Jay" Hoyt III, whose decades-long "phantom cattle" scam stole more than $100 million....

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