Wednesday, June 17, 2020

Tuna: "Former Bumble Bee CEO going to prison for scheme to fix tuna prices"

There seems to be a new vigor in the antitrust division of the U.S. Department of Justice.
From CBS News, June 17:
San Francisco — The former CEO of Bumble Bee Foods has been sentenced to more than three years in jail for his role in a canned tuna price-fixing conspiracy involving three major companies, the U.S. Justice Department said.

Christopher Lischewski was also ordered Tuesday to pay a $100,000 fine in addition to serving a 40-month term. Assistant Attorney General Makan Delrahim said in a statement that the sentence will serve as a deterrent to wrongdoing at top corporate levels.

"Executives who cheat American consumers out of the benefits of competition will be brought to justice, particularly when their antitrust crimes affect the most basic necessity, food," Delrahim said....MORE
Previously:
June 5 
Tuna Price-Fixing: "Federal criminal case led to $100 million fine, possible jail time for Bumble Bee Foods CEO"
December 2019
Guilty Verdict: "Ex-Bumble Bee CEO Is Latest Catch in Tuna Price-Fixing Hunt"
December 2019
Fishy Business: "This government price-fixing case makes the tuna industry sound like the mafia "
November 2019
Private Equity Owned Bumble Bee Tuna Prepping for Bankruptcy