Regulators issue cease, desist order to grain buyer
BISMARCK, N.D. (AP) — The North Dakota Public Service Commission has ordered a businessman to stop receiving or purchasing grain because of bounced checks and unpaid contracts.
The PSC has issued a cease and desist order against Hunter Hanson and his two businesses, Midwest Grain trading and NoDak Grain. Minot Daily News says the order comes as the commission starts insolvency proceedings against the two businesses.
The PSC says more than 50 people have contacted the commission about unpaid contracts or checks that couldn’t be cashed because of insufficient funds.
Midwest Grain Trading is licensed as a roving grain buyer in North Dakota. NoDak Grain is licensed for storage facilities in Rohrville in Ramsey County and Tunbridge in Pierce County.
Information from: Minot Daily News, http://www.minotdailynews.com