Bumble Bee CEO indicted for tuna price-fixing scheme

bumble bee tuna

The Bumble Bee CEO has been charged with conspiring to inflate tuna costs.

A federal grand jury indicted Christopher Lischewski, the CEO of Bumble Bee Foods, in reference to a packaged seafood price-fixing rip-off.

The Department of Justice alleges that Lischewski met and communicated with rival seafood corporations to maintain tuna costs artificially excessive. Although the Justice Department does not title the co-conspirators, main grocery chains, together with Walmart (WMT), Kroger (KR) and Albertsons, sued Bumble Bee, Starkist and the maker of Chicken-of-the-Sea in 2016 for fixing costs.

The grievance alleges that Lischewski conspired with the opposite corporations between November 2010 till December 2013. He is the fourth particular person charged in a federal probe into the business.

If convicted, he faces a possible 10-year jail sentence, a $1 million high-quality, and different penalties.

Bumble Bee couldn’t be reached for remark.

Related: Bumble Bee agrees to plead guilty in tuna price fixing scheme

In 2017, Bumble Bee agreed to plead guilty for its position within the conspiracy and agreed to pay a $25 million legal high-quality.

Lischewski is not the one Bumble Bee govt to be charged in reference to the scheme. In 2016, Walter Scott Cameron, the corporate’s senior vice chairman of gross sales, agreed to plead guilty for his role in the conspiracy.

CNNMoney (New York) First printed May 16, 2018: eight:47 PM ET

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