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Student accused of taking $140,000

The money belonged to the chairman of Tyson Foods, who kept it in his house.

Associated Press
Published February 17, 2008


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JOHNSON, Ark. - A college student was arrested in the theft of a briefcase containing more than $140,000 from the home of the chairman of meat processing giant Tyson Foods Inc., police said.

Ryan Silvey, 19, was arrested in Olathe, Kan., the Johnson Police Department said. He was returned to Arkansas to answer a theft charge and was being held in lieu of $50,000 bail Saturday.

The briefcase was stolen during a party thrown by John Tyson's daughter at the family's home in Johnson around Dec. 27 without his knowledge or consent, police said. Silvey and another friend were uninvited guests, police said.

Tyson reported the theft Jan. 2, saying he had collected the money over time and had it hidden in the house.

"I have certainly learned a lesson through this ordeal and will never leave cash in my house again," Tyson said in statement.

Police say they have recovered some of the money.

The jail did not have any attorney information for Silvey, who is the son of Steve Silvey, head track coach at the University of Louisiana at Lafayette. The senior Silvey was the assistant sprint coach at the University of Arkansas from 1994 through 2000.

Steve Silvey said he heard about the arrest Saturday morning and was "very disappointed, very shocked." Ryan Silvey lives with his mother in Fayetteville, Ark., he said.

"We're not very close," he said.

Another man, Logan Lorenz, 23, was arrested on a theft charge and released Friday, police said. Police say they are still seeking Bryce Kelly Anderson, 19.

Tyson, 54, took over as Tyson's chairman in 1998 and was chief executive from 2001 to 2006. He led the 2001 merger with meatpacking giant IBP Inc. that made Tyson Foods the world's largest meat processor.

[Last modified February 17, 2008, 01:52:28]


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