Jacobi Pleads Guilty To Bid-Rigging DOD Contracts

Law360, New York (September 21, 2007, 12:00 AM EDT) -- Jacobi Industries Inc. on Thursday became the latest company to plead guilty to conspiring to rig bids on U.S. Department of Defense contracts for the Middle East, a problem that has caused the administration to review over $6 billion worth of military contracts made over the last few years.

Jacobi Industries president Roger Jacobi pled guilty to the Department of Justice's bid-rigging claims. The company provided military tiedown equipment and cargo securing systems used to secure vehicles, aircraft munitions and other specialized military cargo to the...
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