4 Agree to Jail Sentences in Chip Price-Fixing Case
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Three German citizens and an American have agreed to serve jail time as part of an investigation into price fixing in the computer memory market.
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Four officers from the DRAM maker go to prison for their role in a price-fixing scheme.
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WASHINGTON Federal prosecutors have announced that they have cracked a global cartel that had illegally fixed prices of memory chips in personal computers and servers for three years, and that one of the companies involved, Infineon Technologies, had
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Four U.S. broadcast companies, together owning more than 1,500 radio stations, tentatively agreed to pay $12.5 million in fines in a pay-to-play music scheme.
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Germany&#39;s Infineon Technologies AG has agreed to plead guilty to charges of price-fixing and pay a $160 million fine as part of a US investigation into the computer-memory chip industry, US antitrust authorities said Wednesday.
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Four executives at Infineon Technologies AG, one of the world&#39;s largest makers of memory chips, have agreed to plead guilty to criminal charges of price fixing in federal court, authorities said Thursday.
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Four senior executives of German chipmaker Infineon Technologies will serve jail time and pay steep fines for their role in a scheme to fix prices in the memory chip market, said the US Department of Justice.
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Four Infineon (Quote, Chart) executives agreed to plead guilty to charges they conspired to fix prices in the computer memory sector, officials said Thursday.
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The world's largest DRAM maker agrees to pay multimillion dollar fine in a DRAM price-fixing suit.
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Four sales executives of German chip maker Infineon Technologies AG (IFXGn.DE: Quote, Profile, Research) have agreed to plead guilty to participating in a conspiracy
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Fujacks stole gamers' IDs China has jailed four men convicted of involvement in a malware-fuelled scam that led to the infection of hundreds of thousands of Windows PCs across the country.â¦
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The four companies, charged with criminal conspiracy to violate anti-kickback laws, have agreed to pay $311 million in penalties.
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Frank Quattrone, the master dealmaker of the 1990s technology stock boom, faces a likely prison sentence Wednesday, four months after he was convicted of obstructing a federal investigation.
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Micron Technology Inc., the world&#39;s No. 2 maker of computer-memory chips, struck a deal with the US Justice Department to shield it from sanctions after a probe found some employees engaged in price fixing.
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Four former El Paso Corp. employees have agreed to plead guilty to reporting false natural gas trades and will help prosecutors in ongoing investigations.
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Four people have been sentenced to jail time and tens of millions of dollars in fines for buying discounted Microsoft software and then illegally reselling it at a profit.Mirza Ali, 60, and Sameena Ali, 53, the husband-and-wife owners of Samtech Research, were sentenced Wednesday to five years in prison and ordered to pay more than $25 million in fines to Microsoft for their role in a software reselling scheme run between 1997 and 2001.The Alis and their associates purchased more than $29 million worth of software at Microsoft&#39;s academic-discount rates and then resold it to nonacademic entities, making more than $5 million in profits. The two were convicted on Nov. 28, 2006, and had been awaiting sentencing.Previous to this, the Alis had already been kicked out of Microsoft&#39;s AER (Authorized Education Reseller) program, but they &quot;formed new corporations ... to disguise their identity from Microsoft and re-enter the AER program,&quot; the U.S. Department of Justice said in a statement, released Thursday.They laundered their profits by purchasing real estate in their son&#39;s name and by wiring more than $300,000 to Pakistan, the DOJ said.Two of the Alis associates, Keith Griffen, 56, and William Glushenko, 66, were also sentenced in connection with the case. Griffen, a partner in some of the Alis&#39; corporations, was sentenced to 33 months in prison and $20 million in fines. Glushenko was given one year of probation and 100 hours of community service.The scam was exposed during the course of a two-year undercover investigation called &quot;Operation Cyberstorm,&quot; which was conducted by the FBI and the U.S. IRS.
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SEOUL: South Korean microchip makers said they face a US investigation into a price-fixing conspiracy in which German maker Infineon technologies has already suffered heavy fines.