Two executives agreed to plead guilty to antitrust violations for their role in fixing prices on freight forwarding services. Freight forwarders offer services designed to streamline the international shipping process. They find the most efficient shipping routes, and seek the best rates by consolidating cargo from multiple shippers.
Federal authorities arrested the two men last summer following an investigation into the company’s practices. The company, which has offices throughout the southeast US, worked with Honduran shippers to fix prices for services. The company’s owner is a Honduran national. According to investigators, the company conspired with the shippers to raise prices on freight services. The company paid commissions based on which US ports goods entered. Investigators discovered that the group documented the illegal scheme in emails to group members. In the emails, the CEO acknowledged that the group’s actions violated US antitrust laws. He also coached members of the group to avoid leaving written documentation of their anticompetitive activities.
As part of the guilty plea, the company’s CEO and the manager admitted their roles in the scheme. In addition, the pair will pay a criminal fine and cooperate with authorities on other aspects of the investigation. Authorities initially said that the scheme operated between 2014 and 2015. They later said that the anticompetitive agreement may have begun in 2010 or earlier.
Federal antitrust lawyer
When you face federal charges for anticompetitive practices, hire an experienced antitrust lawyer like Robert Helfend. Mr. Helfend has more than 30 years of experience in criminal defense. He takes federal criminal defense cases in any circuit in the United States.
Federal prosecutors are aggressive and will pursue charges and convictions relentlessly. That’s why you need an experienced, aggressive federal criminal defense attorney on your side.
Mr. Helfend manages each case personally, so you will work directly with him on your case. While many federal defendants choose to plead guilty, an experienced aggressive attorney can help you determine whether that’s really the right move for you.
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 theft case.
Photo Credit: Michael Tefft, via Flickr.com