Bumble Bee Foods president, CEO indicted for price fixing - http://earlyretireonline.com | how to earn money fastMay 17, 2018 12:33 am
Categorised in: Breaking Financial News
WASHINGTON – The president and CEO of Bumble Bee Foods was indicted by a federal grand jury for participating in a conspiracy to fix prices for packaged seafood sold in the United States, the Department of Justice announced Wednesday.
Christopher Lischewski is accused of participating in the conspiracy from around November 2010 to December 2013.
“The Antitrust Division is committed to prosecuting senior executives who unjustly profit at the expense of their customers,” said Assistant Attorney General Makan Delrahim, of the Justice Department’s Antitrust Division. “American consumers deserve free enterprise, not fixed prices, so the department will not tolerate crimes like the one charged in today’s indictment.”
“This indictment demonstrates the personal accountability of senior leadership at corporations,” special agent in charge John F. Bennett said. “The FBI and the Department of Justice will hold corporate leaders accountable for criminal actions that defraud American families.”
Lischewski is accused of agreeing to fix the prices of packaged seafood during meetings and other communications. The co-conspirators issued price announcements and pricing guidance in accordance with these agreements, officials said.
Bumble Bee has already pleaded guilty and been sentenced to pay a criminal fine of at least $25 million as a result of the government’s ongoing investigation.
Lischewski is the fourth person to be charged in the ongoing investigation into the packaged seafood industry, which is being conducted by the Antitrust Division’s San Francisco Office and the FBI’s San Francisco Field Office.
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