Shrimp Fraud

Mississippi Us Customs Owner of Ocean Springs Seafood pleads guilty to fraud
by Associated Press
Published: Wed, January 28, 2009 - 10:40 am CST Last Updated: Wed, January 28, 2009 - 10:49 am CST
HOUMA, La. (AP) - A Mississippi shrimp-company owner with
business ties in Houma, La., has entered a guilty plea in a case
involving tariff money intended to help shrimp producers hit hard
by foreign competition.
Earl H. Fayard Jr., owner of Ocean Springs Seafood Market Inc.,
pleaded guilty last week to one federal felony count of making
false or fraudulent claims against a federal agency, according to
court documents.
Fayard received $659,252 from U.S. Customs and Border
Protection, the agency charged with administering the tariff
payments.
U.S. Attorney Jim Letten would not comment on how the
investigation came about or whether more prosecutions related to
shrimp-tariff payments were planned.
Fayard will be sentenced April 21. The maximum prison sentence
in the case is five years.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
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southfan1981
southfan1981 Says:
Wed, Jan 28, 2009 at 12:42 pm

Interesting. I haven’t used anything with the name FAYARD on it since they hiked up the price of gas drastically following 911. Bunch of crooks but I miss their great shrimp poboys.

SoMo2 Says:
Wed, Jan 28, 2009 at 12:16 pm

This is just another glaring example of how our laws and punishments need to be updated and increased!

Razorsharp
Razorsharp Says:
Wed, Jan 28, 2009 at 11:24 am

If he gets put in prison for the max 5 years, which he probably won’t, it equates to $131,850 per year.

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