Wednesday, June 8, 2005

Plea in Bidrigging/Fraud Case

A press release of the Government here, reports that "[a] former maintenance manager at the General Electric Company’s Waterford, New York plant [ ] pleaded guilty to bid rigging and conspiracy to commit mail fraud in connection with a kickback scheme involving roofing contracts in the Albany, New York area. . ."

The government notes that this "is the fourth [plea] obtained in the government’s ongoing investigation of the roofing industry in the Albany area." Defendant and his co-conspirators had been charged according to the government "with carrying out the conspiracy by:

"Discussing the submission of prospective bids on certain roofing contracts;

"Agreeing among themselves which company would be the low bidder on each of the contracts discussed; an

"Arranging for co-conspirators to submit bids that were intentionally higher.

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/06/plea_in_bidrigg.html

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