US: President of e-Commerce company pleads guilty to price fixing

Assistant Attorney General Makan Delrahim of the DOJ’s Antitrust Division, US Attorney Ryan K. Patrick for the Southern District of Texas, and Special Agent in Charge Perrye K. Turner of the FBI’s Houston Field Office made the announcement.

According to the felony charges filed on November 1, 2018, and the plea agreement filed Thursday in the US District Court of the Southern District of Texas in Houston, Akil Kurji, owner and president of Gennex Media, and his co-conspirators agreed to fix the prices of customized promotional products sold online from as early as May 2014 until at least June 2016. Kurji and his co-conspirators used social media platforms and encrypted messaging applications, such as Facebook, Skype, and Whatsapp, to reach and implement their illegal agreement. Kurji is the fifth individual to enter a guilty plea in the DOJ’s ongoing promotional products investigation.

“Today’s guilty plea demonstrates the Antitrust Division’s commitment to prosecuting executives who conspire to fix prices of products sold online,” said Assistant Attorney General Delrahim.  “The Department and its law enforcement partners are committed to detecting and preventing collusion carried out using encrypted messaging applications and social media platforms.”