Supplier Executive Sentenced in Price-Fixing Probe

Shingo Okuda, an executive with G.S. Electech, admitted on Thursday to his role in an international conspiracy to rig bids and fix prices on auto parts.  Okuda pleaded guilty in Kentucky federal to one count of price-fixing and one count … Continue reading

Posted in Bid Rigging, Price fixing |

Export-Import Bank Employees Investigated for Big Rigging

Four officials with Export-Import Bank of the United States are being investigated by the U.S. House of Representatives’ oversight committee over allegations of bid-rigging. The committee has accused bank employees of accepting kickbacks, and in some cases, working to steer government contracts to favored … Continue reading

Posted in Bid Rigging |

Former Housing Director Sentenced in Bid Rigging Case

Walter Guillory, the former public housing director in Lafayette and Opelousas, has been sentenced to two years and four months in federal prison for bid rigging and wire fraud.  United States District Judge Elizabeth Foote announced the sentence on Wednesday June 11th and ordered two concurrent … Continue reading

Posted in Bid Rigging |

Oil Firm Reaches $5 million Settlement for Bid Rigging

Attorney General Bill Schuette announced on Monday that Encana Oil has agreed to pay the State of Michigan $5 million to resolve misdemeanor charges of bid-rigging in public auctions for oil and gas leases.   Encana and Oklahoma-based Chesapeake Energy Corp. … Continue reading

Posted in Bid Rigging |

Bridgestone Executives Indicted on Price Fixing and Bid Rigging Charges

A federal grand jury returned an indictment on Tuesday April 18th that charged one current executive and two former officials of Bridgestone Corporation with conspiring to fix the prices of automotive anti-vibration rubber parts sold in the United States and … Continue reading

Posted in Bid Rigging, Price fixing |

Brokerage Founder Sentenced for Bid Rigging

David Rubin, the founder of CDR Financial Products Inc., was spared prison for his role in a municipal bond bid-rigging scheme that involved employees from some of the world’s biggest financial institutions. United States District Judge Kimba Wood sentenced Rubin … Continue reading

Posted in Bid Rigging |

Georgia Real Estate Investor Pleads Guilty to Bid Rigging

According to authorities, a real estate investor from Georgia has admitted to her role in a conspiracy to rig bids at public real estate foreclosure auctions.  Amy James entered a guilty plea in Atlanta federal court last week to violating … Continue reading

Posted in Bid Rigging |

Former Bank of America Executive Pleads Guilty Big Rigging

Phillip D. Murphy, the former managing director of municipal derivatives products at Bank of America, has pleaded guilty to participating in a bid-rigging scheme that set artificial prices for municipal bond investment contracts.  Federal prosecutors believe that Murphy was a … Continue reading

Posted in Bid Rigging |

Settlement Reached With Snowplow Companies Accused of Bid-Rigging

An announcement has been made that three Southbury snow plowing companies have agreed to a settlement over allegations of an illegal boycott and bid-rigging that involved snow removal and snowplowing services.  The settlement resolves a lawsuit brought by the Attorney … Continue reading

Posted in Bid Rigging |

Kentucky Contractors Plead Not Guilty to Bid Rigging

The owners of PBTHNOJJ Construction, a Magoffin County bridge contracting firm, pleaded not guilty in federal court on Monday to accusations that they engaged in bid-rigging, bribery, and a kickback scheme.  Kenneth Lee and Ruth L. Gambill’s chose to enter … Continue reading

Posted in Bid Rigging |