The U.S. Department of Justice sued Atlantean concrete giant Argos United States.

Argos USA, with its offices in Alpharetta, is accused of having carried out a multi-year scheme to end and eliminate competition using pricing and rigging bids with ready-to-use mixing concrete marketing markets for the Savanna, Ga, and Head Island, S.C. regions, according to criminal charges lodged at the Savannah court of January 4. (The chargtasksread here.)

The Statistical Explanation

Argos USA runs hundreds of concrete plants in the east of the United States. There are many of them in Georgia, Carolina, and Florida. They conspire, which starts in 2010 and lasts until around July 2016; the Feds reported that many potential victims are affected. The USA has reached a suspended legal deal with the Department of Justice to pay a monetary settlement of $20,024,015. Argos USA has agreed to do so. At least $83,433,397 was assessed against the currency penalty depending on the Company’s market value.

Illegal federal activities were limited to a small number of employees who joined the agency in October 2011, after the plot had already been initiated. These workers operated in a local office in Pooler, Ga., close to Savannah. The Grand Jury identified and took the USA to a trial on September 2, 2020, with two previous staff, Gregory Halla.

These two individuals were the employees primarily responsible for the Company’s participation in the charged conspiracy,” claimed the feds. “Argos USA LLC has signed an agreement with the DOJ to make a payment of $20 million to the anti-competitive investigation by a limited number of former workers from a small local sales office in Pooler, Georgia,” Argos USA told Atlanta Business Chronicle the customer in a statement. The management of Argos USA outside the Pooler office was not interested in or endorsed the actions carried out in violation of compliance policies.

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