Jimmy Hughes is Suspended as a Registrant for 10 Years
WASHINGTON, June 24, 2008 - The U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration (GIPSA) entered into a consent decision with Jimmy Hughes, Mt. Vernon, Texas, on June 11, 2008.
Jimmy Hughes has been ordered to cease and desist from:
- issuing checks for livestock purchases without having sufficient funds to cover checks;
- failing to pay the full purchase price for livestock; and
- failing to pay for livestock purchases within the time period required by the Packers and Stockyards (P&S) Act.
He is also suspended as a registrant for a period of 10 years.
The decision resolves charges that were filed on April 25, 2008, in which GIPSA alleged that Jimmy Hughes:
- issued checks for livestock purchases without having sufficient funds to cover checks;
- failed to pay for livestock purchases within the time period required by the P&S Act; and
- as of the date of the complaint, owed payment to sellers in the amount of $1,079,270.36.
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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