Exec Pleads Guilty In Bid-Rigging Case

Law360, New York (February 22, 2007, 12:00 AM EST) -- The former president of a marine products company faces a jail term and a six-figure fine after pleading guilty to bid-rigging and conspiracy charges in federal court in Virginia on Wednesday.

Prosecutors say the former executive, Robert Taylor, was involved in three separate conspiracies aimed at victims that included the U.S. Navy and Coast Guard.

Pursuant to Taylor’s guilty plea, he will cooperate with authorities’ ongoing investigation into the marine products industry, serve 30 months in prison and shell out a 100,000 fine. The deal is...
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