Pipe supply bid-rigging

(February 1, 2012) -- A New Jersey pipe supply company and its owner were sentenced Jan. 17 for their role in a conspiracy to commit fraud and pay bribes to an employee of Consolidated Edison in return for the manager steering contracts to the company. The case is part of an ongoing federal antitrust investigation of bid rigging, bribery, fraud and tax-related offenses in the power generation industry being conducted by the antitrust division’s New York field office, with the assistance of the FBI and the IRS’s criminal division....

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