Earlier this month, Department of Justice investigators filed antitrust charges against a Texas man accused of bid rigging. The man, who pleaded guilty, purchases old computer equipment to resell or recycle. Investigators say the man conspired to rig bids he submitted to the Government Services Administration (GSA).
According to the Department of Justice, the man conspired with other bidders to pre-determine the outcome of GSA auctions. He is the first person the DOJ charged in the action, which could have begun as early as February 2017.
The GSA routinely auctions off used equipment that belongs to government agencies. Following a successful auction, the GSA returns the proceeds to the agency. The co-conspirators agreed to collude to keep auction prices low. In addition, they pre-determined the winning bids and worked to eliminate competition.
When the defendant returns to court for sentencing, he could face up to 10 years in federal prison. In addition, he could face a $1M fine. If the loss to the agencies or the man’s gain exceeds $1M, the court could double the fine accordingly.
Federal antitrust lawyer
When you face 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 cases in any US District court.
Federal prosecutions can be difficult to defend against. Often, federal prosecutors choose only those cases they believe they have a significant chance to win. As a defendant, that puts you at a steep disadvantage. It also explains why you need an experienced, aggressive criminal defense attorney at your side.
With the right attorney, who is both aggressive and prepared, a conviction in federal court isn’t a slam dunk for the prosecutors. It also means that a guilty plea isn’t always your best (or only option). Don’t settle for inexperienced representation.
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: Wisconsin Department of Natural Resources, via Flickr.com