Hospital Employee Pleads Guilty To Bid-Rigging

Law360, New York (September 26, 2006, 12:00 AM EDT) -- A hospital employee in charge of obtaining bids for telecommunications equipment vendors has pled guilty to ridding the bids and taking a cut from the successful vendors, the U.S. Department of Justice said Tuesday.

Stephen Cogliano pled guilty in the U.S. District Court for the Southern District of New York to one count of conspiracy to rig bids and allocate contracts for the supply of telecommunications equipment and services to Mount Sinai hospital.

Two vendors gave kickbacks to Cogliano in exchange for helping steer contracts to...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.