(NewsReady.com) – For years, some of the largest canned tuna companies in the country conspired with one another to inflate prices. This scam led to an investigation by the FBI and DOJ Antitrust Division. Now, one of the former CEOs embroiled in the scandal has received a sentence for his crimes.
Former CEO of Bumble Bee Foods, Christopher Lischewski, was stung by the court this week according to the DOJ. In a June 16 statement, the department announced the former executive is going to jail for 40 months and has to pay a $100,000 criminal fine. The corporation will also have to pay $25 million.
The former chief executive of Bumble Bee Foods was sentenced to more than three years in prison for his lead role in a conspiracy to fix prices of canned tuna, the Justice Department said https://t.co/wB3j6PW7Pv
— The Wall Street Journal (@WSJ) June 17, 2020
Bumble Bee is just one part of the scenario. Last September, StarKist was ordered to pay $100 million. Chicken of the Sea executives are the ones who told federal investigators about the scheme and, as a result, they were given immunity from prosecution.
The DOJ said the investigation into the price-fixing scandal is going to continue.
The entire crime was such a breach of the public’s trust. Arbitrarily inflating food prices merely for profit hurts American families, The perpetrators are rightly facing justice for their actions.
~Daily News for Busy People!
Copyright 2020, NewsReady.com