A former inspector for the Union City Community Development Agency was sentenced on October 26 to more than a year and a half in prison for conspiring with agency contractors to rig the bidding process for federally funded projects.
According to a statement from the US Attorney’s Office, Johnny Garces, 53, previously admitted in March 2015 that he submitted phony bids, purportedly from the contractors’ competitors, which were higher than those submitted by the contractors.
Prosecutors say Garces, of Union City, also fabricated high bids from fictitious companies as part of the scheme to ensure his co-conspirators received the contracts and that the scheme resulted in the loss of approximately $307,000 in US Housing and Urban Development funds administered by the agency.
Full Content: True Jersey
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI