Gary Thompson is Assessed a Civil Penalty in the Amount of $6,500
WASHINGTON, April 22, 2008 - On April 11, 2008, the Grain Inspection, Packers and Stockyards Administration (GIPSA) entered into a decision with Gary Thompson (Thompson), Pitkin, Louisiana.
Thompson has been ordered to cease and desist from:
- failing to pay sellers for livestock purchases within the time period required by the Packers and Stockyards (P&S) Act; and
- failing to keep records that fully disclose all transactions involved in his business.
Thompson has also been assessed a civil penalty in the amount of $6,500.
The decision resolves charges that were filed on July 27, 2007, in which GIPSA alleged that Thompson:
- purchased livestock and failed to pay for livestock purchases within the time period required by the P&S Act;
- failed to obtain written credit agreements from markets where he purchased livestock; and
- failed to keep records that fully disclosed all transactions involved in his business.
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.
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Catherine M. Grasso 202-720-7201
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