News Column

GIPSA Alleges Lake Odessa Livestock Auction, Inc., La Verne Lettinga, Paul Lettinga, and Randy Lettinga Violated the Packers and Stockyards Act

June 18, 2014



WASHINGTON, June 18 -- The U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration has issued the following news release:

The U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration has found evidence that Lake Odessa Livestock Auction, Inc. (Lake Odessa), La Verne Lettinga, Paul Lettinga, and Randy Lettinga, Lake Odessa, Mich.

* failed to properly maintain it custodial account;

* failed to deposit in its custodial account, within the time prescribed in the Regulations an amount equal to the proceeds receivable from the sale of consigned livestock;

* misused its custodial account by transferring custodial account proceeds into its general account and other general and custodial accounts;

* misused its custodial account by permitting the withdrawal of bank charges from its custodial account; and

* falsified records by generating a false invoice and generating and issuing a check in payment for livestock purchases that did not occur.

GIPSA filed a complaint against Lake Odessa, La Verne, Paul, and Randy Lettinga on May 13, 2014. The complaint can be found on the GIPSA website: http://www.gipsa.usda.gov/psp/enforcement.html.

If the allegations are admitted, or proven in an oral hearing, Lake Odessa, La Verne, Paul and Randy Lettinga may be rdered to cease and desist from violating the Packers and Stockyards (P&S) Act, suspended, and assessed a civil penalty.

Lake Odessa under the direction, management, and control of La Verne, Paul, and Randy Lettinga was engaged in the business of a livestock dealer buying and selling livestock in commerce and as a market agency selling livestock in commerce on a commission basis; and is registered with the Secretary of Agriculture.

La Verne Lettinga was owner of 100% of the stock issued by Lake Odessa; a registered agent for Lake Odessa; engaged in the business of a livestock dealer buying and selling livestock in commerce and as a market agency selling livestock in commerce on a commission basis; and responsible, along with Paul and Randy Lettinga for the direction, management, and control of Lake Odessa.

Paul Lettinga was engaged in the business of a livestock dealer buying and selling livestock in commerce and as a market agency selling livestock in commerce on a commission basis; and responsible, along with Laverne and Randy Lettinga for the direction, management, and control of Lake Odessa.

Randy Lettinga was engaged in the business of a livestock dealer buying and selling livestock in commerce and as a market agency selling livestock in commerce on a commission basis; and responsible, along with La Verne and Paul Lettinga for the direction, management, and control of Lake Odessa.

TNS 30VianaGem - 140619-4772302 30VianaGem


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters