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ARTICLE · 20 MAY 2014

Extradited Executive Sentenced To Two Years In Prison

As previously reported, last month marked the DOJ’s first successful extradition on an antitrust charge.

United StatesAntitrust/Competition Law

As previously reported, last month marked the DOJ's first successful extradition on an antitrust charge. Romano Pisciotti – an Italian national indicted for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose – was extradited from Germany in early April. On April 24, he pleaded guilty and was sentenced to two years in prison. He will receive credit for the nine months and 16 days he was held in custody by the German government pending his extradition. Pisciotti also agreed to pay a $50,000 criminal fine.

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