FOR IMMEDIATE RELEASE
PSC DENIES MOTION FOR RECONSIDERATION
IN SOUTH DAKOTA GRAIN DEALER COMPLAINT
Lincoln, May 10, 2022 – On Tuesday, May 10, the Nebraska
Public Service Commission (PSC) issued an Order (GDC-446)
Denying a Motion For Reconsideration of a civil penalty
assessed to Banghart Properties, LLC, a.k.a. Fearless Grain
Marketing Storage & Arbitrage, a.k.a. Fearless Grain
Marketing, a.k.a. Fearless Grain of Gettysburg, South Dakota.
On March 15, the PSC assessed a civil penalty of $290,000
against the Banghart Properties, LLC (and its various aliases),
for operating as a grain dealer in Nebraska without a license.
Banghart Properties, LLC, filed a Motion for Reconsideration
with the Commission March 25. Commissioners heard oral
arguments on the Motion to Reconsider on May 2.
The company, should it choose has 30 days to file a court
appeal regarding the Commission’s decision. ###
Contact:
Deb Collins- Media & Communications Mgr.
(402) 471-0226
deb.collins@nebraska.gov
