This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Tuesday, January 3rd, 2023
 
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Ethics case against Lafayette businessman that resulted in largest ever fine pending 10 years later

by Adam Daigle | Acadiana business editor​ ​ ​

Happy New Year, businesss news readers. And let's get down to business. 

Ten years ago the Louisiana Board of Ethics charged Lafayette businessman Greg Gachassin and his Cartesian Company with ethics code violations for entering contracts with entities developing low-income housing with a public authority while he served on the board or shortly after he resigned in November 2009. He was fined $1.5 million, the largest in ethics board history. 

An appeal court ordered an adjudicatory board to recalculate the fine, which recduced it. Years later, the exact fine has not been recalculated while the case remains in court.

You can read the full story here. 

Have a great day.

 
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Houston group acqures Lafayette-based logistics and transportation company

A Lafayette-based logistics and transportation company has been bought out by a Houston company. Read more

Even with planned upgrades, Lafayette behind in 'hypercompetitive' sports tourism arms race

Participation in youth soccer in Lafayette, for whatever reason, in recent years has been double the national average. Read more

Inflation, clean energy, healthcare changes - the top business stories of 2022

Two of the biggest business news items nationally and locally in 2022 were the high inflation that drove up fuel, food and housing costs and the series of interest rate hikes initiated by the Federal Reserve in an effort to cool off the economy and get prices under control. Read more

 
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