Transportation company owner pleads guilty to conspiracy to fix prices

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According to the press release from the official website of the U.S. Department of Justice on October 24, 2019: Third freight Transportation Executive Pleads guilty to Antitrust Charge. Conspiracy Targeted Shipments of Household Goods from the United States to Honduras.

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Transportation company owner pleads guilty to conspiracy to fix prices for freight forwarding services Source - https://www.itrucker.com/2019/10/28/transportation-company-owner-pleads-guilty-to-conspiracy-to-fix-prices-for-freight-forwarding-services/

PowerPoint 演示文稿:

According to the press release from the official website of the U.S. Department of Justice on October 24, 2019: Third freight Transportation Executive Pleads guilty to Antitrust Charge. Conspiracy Targeted Shipments of Household Goods from the United States to Honduras.

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Alvarez is the third individual to face charges for participating in this conspiracy. Two of Alvarez’s co-conspirators, Roberto Dip and Jason Handal, were charged and pleaded guilty in November 2018. In June 2019, Dip and Handal were sentenced to eighteen- and fifteen-month prison terms, respectively, for their roles in the scheme.

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Francis Alvarez, the owner of a large freight forwarding company, pleaded guilty to an antitrust charge for her role in a multi-year, nationwide conspiracy to fix prices for international freight forwarding services, the Department of Justice announced. In addition to admitting to participating in this conspiracy, Alvarez has agreed to pay a criminal fine and cooperate with the ongoing investigation. The terms of the plea agreement are subject to the approval of the court. Alvarez will be sentenced at a later date.

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Alvarez is charged with price-fixing in violation of the Sherman Act, which carries a maximum sentence of 10 years in prison and a $1 million fine for individuals. The maximum fine for an individual may be increased to twice the gain derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.

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Thank You For Watching Source - https://www.itrucker.com/2019/10/28/transportation-company-owner-pleads-guilty-to-conspiracy-to-fix-prices-for-freight-forwarding-services/

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