GIPSA Alleges Jimmy Hughes Owes Sellers $1,079,270.36
WASHINGTON, May 12, 2008 - The U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration (GIPSA) has found evidence that Jimmy Hughes, Mt. Vernon, Texas:
- Issued checks for livestock purchases without having sufficient funds to cover checks; and
- Failed to pay for livestock purchases within the time period required by the Packers and Stockyards (P&S) Act.
On April 25, 2008, GIPSA filed a complaint against Jimmy Hughes. As the date of this complaint Jimmy Hughes owes payment to sellers in the amount of $1,079,270.36.
If the allegations are admitted, or proven in an oral hearing, Jimmy Hughes may be ordered to cease and desist from violating the P&S Act, suspended and assessed a civil penalty.
Jimmy Hughes is registered with the Secretary of Agriculture as a dealer to buy and sell livestock in commerce for his own account and the account of others.
The P&S Act is a fair trade practice and payment protection law that promotes fair and competitive marketing environments for the livestock, meat, and poultry industries.
Catherine M. Grasso 202-720-7201
|
