U.S. demanding harsh penalties for price fixers

Sep 20, 2012 Full story: www.detroitnews.com
$1 billion fine and two former top executives each serve 10 years in prison

The U.S. Department of Justice is demanding that a "remorseless" Taiwanese company pay a $1 billion fine and two former top executives each serve 10 years in prison for their roles as central figures in what prosecutors called the most serious price-fixing cartel ever prosecuted by the U.S. The proposed sentences would be the stiffest penalty ever ... (more)

Full Story
xnutmegger

Phoenix, AZ

#1 Sep 20, 2012
Good.

“Open your eyes”

Since: Sep 09

Central Florida

#2 Sep 20, 2012
While the same department of justice dropped all charges against Goldman Sacks and JP Morgan/Chase for fraud and market manipulation.

The same DOJ that was smuggling guns into Mexico so the Mexican drug cartels could use them in crimes in the US after crossing the border.

They want to go after these guy for price fixing, but, when the COO of Barclay's in conjunction with the bank of England and 200 American banks were caught rigging the LIBOR rates the DOJ is silent. BTW, rigging the LIBOR rates is price fixing.
The Fixers

Port Byron, IL

#3 Sep 20, 2012
What about the biggest price fixers - WALL STREET, THE BIG BANKS AND BIG OIL!!!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Computers Discussions

Title Updated Last By Comments
Swift Named Principal at Our Lady of Lourdes (Aug '09) 7 hr Bruser 2,291
Alibaba symbol of China's new tech giants 13 hr jfjdhxn 1
Is iPhone 6 just for chicks? Sep 13 hot cougar dating 1
India's most astute deal maker is now a bankrup... Sep 9 NITiN 1
Carrollton Free Press Standard News | New Munic... Sep 5 yehaw 2
Sources Sought Notice - Manage, Operate and Mai... Sep 5 Dave Ross 1
Radio Shack store closings signal chain's ident... (Mar '14) Sep 4 Kid_Tomorrow 3
•••

Computers People Search

Addresses and phone numbers for FREE

•••