A federal jury in Oklahoma City convicted Sioux Erosion Control Inc., its part-owner and vice president, and an employee for participating in a five-year price-fixing conspiracy targeting over $100 million in Oklahoma transportation contracts. The defendants colluded with competitors to raise prices for erosion control products and services, allocated contracts geographically, and rigged bids by submitting inflated offers. The conviction follows an investigation by the FBI and U.S. Department of Transportation Office of Inspector General. The maximum penalty for individuals is 10 years in prison and a $1 million fine, while the company faces a $100 million fine. The case underscores efforts to combat antitrust violations in public procurement, with officials emphasizing the importance of fair competition for taxpayer funds.
Source: U.S. Department of Justice (DOJ).
Materials reproduced from https://www.justice.gov/.
No endorsement by the DOJ is implied.
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