Tallgrass Beef fined $403,000 over money owed to suppliers
The U.S. Department of Agriculture fined Tallgrass Beef Co. LLC for not making timely payments for livestock. The stated fine is nearly $403,000, but the department said that will be reduced to about $50,000 once Tallgrass catches up on its obligations.
Tallgrass is owned by broadcast personality and documentary producer Bill Kurtis. Kurtis said that the recession has been hard on his 7seven-year-old business, reports the Chicago Sun-Times. A couple of years ago, his company had overdue bills totaling $1.6 million and was dealing with slow payments from its vendors.