- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jaclyn Jaeger2019-12-05T17:19:00
The former president and CEO of packaged seafood company Bumble Bee was convicted for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.
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The former CEO and president of Bumble Bee Foods was sentenced to serve 40 months in prison and pay a $100,000 criminal fine for playing a leading role in a three-year antitrust conspiracy to fix prices of canned tuna.
StarKist must pay a criminal fine of $100 million, the statutory maximum, for its role in a conspiracy to fix prices for canned tuna sold in the United States.
Seafood company, Bumble Bee, pleaded guilty yesterday and agreed to pay a $25 million criminal fine resulting from an ongoing federal antitrust investigation into the packaged seafood industry.
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