In 1972, De Angelis was released. By 1975 he was involved in another scam, this time a Ponzi scheme involving cattle in the Midwest. De Angelis used two slaughter houses, Rex Pork and Mister Pork, to swindle livestock dealers in Indianapolis out of $7 million (approximately $31M in 2016 dollars) worth of hogs. Two of the top livestock dealers facing losses were M&R Livestock (owned by Theodore C. McAninch) and Farrow and Co. (owned by Allan S. Farrow). De Angelis continued trading with these livestock dealers via fraudulent letters promising payment. The biggest loser, M&R Livestock, was owed $3.5 million ($21M in 2016 dollars).