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Infineon Execs Plead Guilty to Price-Fixing

Posted by michael on from the meet-martha dept.

An anonymous reader writes "Executives at Infineon Technologies plead guilty to an international conspiracy to fix prices in the DRAM market. Heinrich Florian, Günter Hefner, Peter Schaefer and T. Rudd Corwin, executives for Infineon Technologies, had a felony filed against them yesterday in the U.S. District Court in San Francisco. Each executive could spend up to six months in prison and will have to pay a $250,000 fine. Under the plea agreement, they must also assist the government in its DRAM investigation. Infineon agreed in October to pay a $160 million fine for its role in the conspiracy, according to the Justice Department."

3 of 195 comments (clear)

  1. Re:An honest question.. by cyberise · · Score: 5, Informative

    Sure the companies make the millions of dollars and that is why Infineon was fined that 160 million. Im sure that the $250,000 fine per executive is going to make them feel some hurt in the wallet.

  2. Re:An honest question.. by drjimmy42 · · Score: 3, Informative
    These companies make upwards of millions of dollars and you fine them a quarter of a million?
    That is the fine for the individuals involved. The company was fined $160,000,000. That's slightly more painful.
    --
    If you're not part of the solution, you are part of the precipitate
  3. Re:An honest question.. by Clay+Pigeon+-TPF-VS- · · Score: 4, Informative

    There is no parole for federal crimes. IANAL (yet), but I interned in the USAO in DC 2 years ago. You serve your whole sentence. There is no time off for good behavior.

    --
    Viral software licensing is not freedom, it is in fact GNU/Socialism.