Federal prosecutors charged an executive of an online promotions company with antitrust violations. According to prosecutors, Christopher Angeles, president of Custom Wristbands, Inc., pleaded guilty to price fixing.
The charges stem from an investigation of the firm and others that showed a conspiracy to fix the price of online promotional products. Prosecutors cited text messages, chats and in-person meetings between principals of a number of firms. Custom Wristbands Inc., operated under at least a half-dozen different names, and sold promotional products online.
According to prosecutors, the conspiracy operated between 2014 and 2016. Authorities also expect to file additional charges, but note that this is the case’s second guilty plea. The first came from another supplier and distributor that participated in the plan. He pleaded guilty in August.
A price fixing charge carries a maximum sentence of 10 years in prison and a also $1 million fine. As part of this plea agreement, Angeles agreed to pay a fine of nearly $410,000.
Los Angeles antitrust lawyer
Antitrust laws have both civil and criminal remedies. When you face criminal price fixing charges, your first move should be to hire an experienced antitrust lawyer like Robert Helfend. Mr. Helfend has nearly 35 years of courtroom defense experience and takes federal antitrust defense cases in any federal circuit.
Criminal antitrust activities include price fixing, bid rigging and market allocation. Any of these charges is serious because they can lead to lengthy prison sentences and large fines. Federal prosecutors are serious about winning convictions. They’re well funded and well resourced, so you should be prepared to defend yourself aggressively.
However, that doesn’t mean there’s nothing you can do to defend yourself. Don’t settle for an inexperienced attorney and don’t assume that the best solution involves a plea bargain.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County antitrust case.
Photo Credit: Shehan Peruma, via Flickr.com