Execs Plead Guilty To Rigging Bids On Navy Contracts

Law360, New York (February 23, 2007, 12:00 AM EST) -- Two executives for a Pennsylvania defense contractor have pled guilty and agreed to serve jail time for conspiring to rig bids on contracts with the U.S. Navy.

Thomas Cunningham, vice president of Total Industrial & Packaging Inc., and Richard Barko, the company’s general manager, will each spend six months in jail and pay a $10,000 fine, the Department of Justice said on Thursday.

The executives allegedly colluded with rival companies to coordinate the contracts offered on metal sling hoist assemblies, wire baskets used to hold bombs...
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