More Execs Admit Guilt In Airport Bid-Rigging Scheme

Law360, New York (November 7, 2006, 12:00 AM EST) -- Two Miami businessmen became the latest executives to plead guilty on Monday for their role in rigging bids during the construction of an airport in Trinidad and Tobago.

Raul Gutierrez, the president of Calmaquip Engineering Corp., pled guilty to one count of wire fraud for transporting foreign money obtained unlawfully and one count of bank fraud for borrowing money from one bank to pay off a loan from another, a process known as loan-kiting. He also entered into a money judgment of $22.6 million, which represents...
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