Freight Exec Gets Longest-Ever Antitrust Jail Time

Law360, New York (January 30, 2009, 12:00 AM EST) -- For his alleged role in collusion in the coastal shipping industry between the U.S. and Puerto Rico, a former executive of a U.S. shipping company has been sentenced to four years behind bars — the longest prison term ever imposed for one antitrust charge.

On Friday, the U.S. Department of Justice announced the sentencing of Florida resident Peter Baci in the U.S. District Court for the Middle District of Florida, where he had already pled guilty to a felony antitrust violation. He will also pay a...
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