News Summary July 25, 2017
Today's Main Story: Former Pacific Seafood Executive Sentenced for Embezzlement
Opening the news today is a focus on how a former executive who embezzled hundreds of thousands of dollars from Pacific Seafood Group was sentenced Monday in federal court to two years in federal prison. Andrew Henry Jacobs, 50, spent 11 years at the family-owned company Pacific Seafood Group, rising to serve as vice president of employee leadership and development for the company's 2,500-member staff. While receiving a six-figure salary, he spent at least his last four years embezzling money from the company, stealing an estimated $900,000, according to prosecutors.
In other news, Louisiana shrimp landings in June were the lowest in the past ten years. The total for headless shrimp in June 2017 came in at 4.470 million pounds partly due to the “dead zone” in the Gulf of Mexico. In comparison, June 2016 brought in 6.672 million pounds. The dead zone, which is caused by nutrient pollution, is the third-largest dead zone that the area has experienced. The toxins in the zones are released in the waterways and cause the growth of algae. The algae decompose in the water, resulting in low-oxygen, which in turn kills stationary marine life and drives other species out of the area. The U.S. Geological Survey reported that in May the equivalent of “2,800 train cars of fertilizer poured into the Gulf.”
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