WASHINGTON - Sun Commodities Inc., a Pompano Beach, Florida-based firm, has posted a $75,000 surety bond under PACA regulations.
The bond was posted with the USDA to employ Erick Jarquin, the only Officer of Worldwide Produce & Grocers Inc., based in Doral, Florida. Worldwide Produce & Grocers Inc. was previously found to have committed repeated and flagrant violations of section 2 of PACA, according to a press release from the USDA.
USDA will hold the $75,000 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.
Any PACA licensee wishing to employ individuals who have failed to pay a reparation award, or have been subject to a USDA disciplinary action, must post a USDA-approved surety bond.
In the past three years, the USDA resolved approximately 4,250 PACA claims involving more than $77 million.
