Extradited Ex-Marine Hose Exec Cops To Antitrust Violations

By Alex Lawson (April 24, 2014, 4:37 PM EDT) -- The first man successfully extradited by the U.S. Department of Justice in an antitrust case has pled guilty and will serve two years in prison for plotting to rig bids and fix prices on shares of marine hose used in the U.S. oil industry, the DOJ announced Thursday.

The two-year prison sentence for former Parker ITR SRL executive Romano Pisciotti will be adjusted to include the nine months he was held in the custody of the German government before his historic extradition earlier this month. Pisciotti will also pay a $50,000 criminal fine, the DOJ said.

"Today's guilty plea demonstrates the...

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