Ex-Bumble Bee CEO takes 3 years for tuna price fixing program

Ex-Bumble Bee CEO takes 3 years for tuna price fixing program

Now he will spend time in the can.

On Tuesday, former CEO of Bumble Bee Foods was sentenced to more than three years in federal prison for his role in a conspiracy to fix the price of canned tuna.

The US Department of Justice said that Christopher Lischewski was convicted of a severe crime in the fishing plan, affecting over $ 600 million of canned tuna sales.

Federal prosecutors said that from November 2010 to December 2013, Lischewski plotted with other large fish in Bumble Bee and competitors in the industry to eliminate competition by determining the cost of packaged seafood.

After a four-week hearing in late 2019, gill-ty was found.

Prosecutors had asked the judge to give Lischewski a fine of eight to 10 years and $ 1 million behind bars.

But he left the hook with a 40-month prison sentence and a $ 100,000 fine in the slammer.

“The sentence will serve as an important deterrent to the C-suite and board room,” said Makan Delrahim, Deputy Attorney General at the Ministry of Justice’s Antitrust Division.

“Managers who deceive American consumers from the benefits of competition will be brought to justice, especially when antitrust crimes are the most essential requirement, affecting food.”

Bumble Bee, who filed for bankruptcy last year, was found guilty of conspiring with StarKist and Chicken of the Sea to keep prices artificially high.

The San Diego-based company was fined $ 25 million.

In September, StarKist Co. he was legally fined no more than $ 100 million.

Chicken of the Sea executives stole the whistle in this plan in 2015, and federal investigators decided to protect the company from criminal prosecution in exchange for co-operation.

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Four executions were charged, including the probe Lischewski. Three other large wigs claimed to be guilty and testified at Lischewski’s trial.

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About the Author: Abbott Hopkins

Analyst. Amateur problem solver. Wannabe internet expert. Coffee geek. Tv guru. Award-winning communicator. Food nerd.

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