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Price Fixing Lands Concrete Executives in Prison12-19-05 | News
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Price Fixing Lands Concrete Executives in Prison

A federal judge recently sentenced four current and former concrete company executives to prison for a price fixing scheme.

Prosecutors said that Irving executives conspired with other companies to fix the prices homeowners, building contractors and the government paid for ready-mix concrete in central Indiana.
According to prosecutors, from January 2000 until May 2004, executives from Irving Materials Inc. met with their competitors to set prices charged for concrete in the Indianapolis metropolitan area.
Irving Materials Inc., President Fred ?EUR??,,????'??Pete?EUR??,,????'?? Irving, vice presidents Price Irving and Daniel C. Butler, and retired executive vice president John Huggins were each sentenced to five months in prison and five months of probation on price fixing charges. No other companies were charged.

Source: Peru Tribune

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