Wednesday, March 28, 2012

Food Company Owner Pleas Guilty in Tomato Price-Fixing Scam

Posted: Wednesday, March 28, 2012

In California, a food company owner pled guilty to racketeering in a tomato price-fixing scam that authorities believe had driven up the cost of tomato and tomato products to people across the United States. Charged with bribing purchasing managers at large food companies such as Kraft Foods and Frito Lay, Frederick Scott Salyer and his co-conspirators rigged bids and fixed prices for the sale of tomato products. Salyer's plea agreement to the two chargers of racketeering and price fixing lands him in jail for four to seven years.

Source: http://www.thenewstribune.com/2012/03/24/2080271/tomato-price-fixer-left-wit

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