Kaiser International Posts 100,000 Dollar Surety Bond to Employ PACA Violator


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Thu. March 6th, 2014 - by Sarah Hoxie

<p> Kaiser International LLC, a Northbrook, Illinois-based firm, has posted a $100,000 cash surety bond with the USDA to employ Steven Kaiser, a former PACA violator.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> Kaiser was a member and manager of Pier 27 South LLC, based in Northbrook, Illinois, which failed to pay a reparation award issued against it under PACA, according to a press release.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> USDA will hold the $100,000 bond for four years, providing assurance to the industry that the company will be able to pay for produce purchased and to conduct its business according to PACA rules.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"> In the past three years, USDA resolved approximately 4,600 claims filed under PACA involving almost $87 million. Any PACA licensee looking to employ someone who has previously failed to pay a reparation award, or has been subject to a USDA disciplinary action, must post a USDA-approved surety bond.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.ams.usda.gov/AMSv1.0" target="_new"> Agricultural Marketing Service </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding"><hr class="invisible minimal-padding">