Grain Dealers Face More Financial Restrictions

6 years 10 months 1 week ago Monday, July 11 2011 Jul 11, 2011 Monday, July 11, 2011 9:34:00 AM CDT July 11, 2011 in News
By: Associated Press


JEFFERSON CITY, Mo. (AP) -- Gov. Jay Nixon is signing legislation that imposes more stringent financial requirements on agricultural grain dealers.

Nixon plans to hold a bill signing ceremony Monday at a feed store in Mexico, Mo., which is near the site of what prosecutors have described as the biggest grain fraud scheme in Missouri history.

Cathy Gieseker, of Martinsburg, was sentenced to prison last year on federal and state fraud and theft charges. Authorities say she duped about 180 farmers out of $27 million in grain deals as her business became insolvent.

The legislation requires grain dealers to maintain a net worth of at least 5 percent of their annual grain purchases. It also doubles the minimum surety bonds they must have. And it expands their financial reports to the state.

More News

Grid
List
JEFFERSON CITY (AP) — The Latest on the investigation of Missouri Gov. Eric Greitens (all times local): 11:10... More >>
3 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 11:31:00 AM CDT May 24, 2018 in News
JEFFERSON CITY - A statewide program bringing together prisoners and puppies is celebrating a major milestone. A four-month-old redbone... More >>
4 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:15:00 AM CDT May 24, 2018 in News
WASHINGTON (AP) — President Donald Trump says he thinks Kim Jong Un wants to do "what's right" but says it's... More >>
4 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 10:09:00 AM CDT May 24, 2018 in News
RANDOLPH COUNTY - A Huntsville man pleaded guilty to murder on Tuesday and received a life sentence with no chance... More >>
6 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 8:37:00 AM CDT May 24, 2018 in News
BUNNIK, Netherlands (AP) — An international team of investigators said Thursday that detailed analysis of video images and photos... More >>
8 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 5:58:00 AM CDT May 24, 2018 in News
JEFFERSON CITY - Potentially more than one thousand Missourians could lose their hunting, fishing and trapping licenses after a Department... More >>
12 hours ago Thursday, May 24 2018 May 24, 2018 Thursday, May 24, 2018 2:27:00 AM CDT May 24, 2018 in News
NEW YORK (AP) — A federal judge ruled Wednesday that President Donald Trump is violating the First Amendment when he... More >>
19 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 7:10:00 PM CDT May 23, 2018 in Continuous News
ST. LOUIS (AP) — A federal district court in St. Louis has ruled that the Missouri prison system must... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:48:22 PM CDT May 23, 2018 in News
MID-MISSOURI - If you look at the forecast you can easily tell that summer is here early. Don't forget that... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:43:00 PM CDT May 23, 2018 in Weather
JEFFERSON CITY - A new report by the Missouri Chamber of Commerce identifies challenges in the Missouri workforce. The... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:41:00 PM CDT May 23, 2018 in News
(CNN) - NFL players must stand during the National Anthem this season, team owners decided Wednesday, a reaction to fierce... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:36:38 PM CDT May 23, 2018 in News
JEFFERSON CITY - Temperatures are rising, and one expert says animals need more attention when tethered outside. "Heat exhaustion... More >>
21 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 5:07:00 PM CDT May 23, 2018 in News
COLE COUNTY - Cole County deputies say a man accused of having pipe bombs was cooperative when they asked to... More >>
22 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:54:00 PM CDT May 23, 2018 in News
HALLSVILLE - The NRA Bianchi Cup happens every year in Missouri, however this year, embattled Gov. Eric Greitens made an... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:40:00 PM CDT May 23, 2018 in News
COLUMBIA - The Columbia Police Department wants feedback from residents on its community policing initiative. A meeting Wednesday gave people... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:25:00 PM CDT May 23, 2018 in News
JEFFERSON CITY - The House Special Investigative Committee continued reading the transcript of the testimony of the woman involved in... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:12:00 PM CDT May 23, 2018 in News
JEFFERSON CITY- A revision to Missouri's amateur sports tax credit program could bring more sporting events to Mid-Missouri. The... More >>
23 hours ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 3:04:00 PM CDT May 23, 2018 in News
CALIFORNIA - The Moniteau County prosecutor filed criminal charges against the former California police chief Wednesday. Former police chief... More >>
1 day ago Wednesday, May 23 2018 May 23, 2018 Wednesday, May 23, 2018 2:15:00 PM CDT May 23, 2018 in News
Columbia, MO
Broken Clouds 82°
3pm 87°
4pm 87°
5pm 86°
6pm 86°