Bumble Bee CEO Indicted On Canned Tuna Price Fixing Charge

17 May, 2018, 09:35 | Author: Arnold Perez
  • The Bumble Bee CEO has been charged with conspiring to inflate tuna prices

The CEO of Bumble Bee foods was indicted late Wednesday by a federal grand jury for his role in a conspiracy to fix tuna prices on the global market.

According to the indictment, Lischewski agreed to fix prices in meetings and other communications from November 2010 until December 2013.

Bumble Bee has already pleaded guilty and been sentenced to pay a criminal fine of at least $25 million as a result of the government's ongoing investigation.

Lischewski is the fourth executive of San Diego-based Bumble Bee to be charged in the conspiracy.

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Stephen Hodge, a former executive at tuna producer StarKist, was also charged in May a year ago with participation in the conspiracy to fix the price of canned tuna from 2011 to 2013.

Lischewski's lawyer, John Keker, said in a statement, "Chris Lischewski is a decent and honorable man, who has lived a hardworking and ethical life". "He has been a leader and beacon within the seafood industry for more than twenty-five years. When the facts are known and the truth emerges, Mr. Lischewski will be found not guilty".

"The Antitrust Division is committed to prosecuting senior executives who unjustly profit at the expense of their customers", said Assistant Attorney General Makan Delrahim, of the Justice Department's Antitrust Division. Thai Union's Chicken of the Sea is the largest, followed by Bumble Bee and StarKist.

"American consumers deserve free enterprise, not fixed prices, so the department will not tolerate crimes like the one charged in today's indictment", Delrahim said.

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