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ARTICLE · 18 DECEMBER 2013

Longest Antitrust Prison Sentence Handed Down Last Week

McGuireWoods LLP
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On December 6, 2013, Frank Peake, former president of Sea Star Line, was sentenced to five years in prison and a $25,000 criminal fine.

United StatesAntitrust/Competition Law
Howard Feller
Howard Feller
Amy Manning
Amy Manning
Richard Rappaport
Richard Rappaport
Angelo Russo
Angelo Russo
Michael Bolos
Michael Bolos

On December 6, 2013, Frank Peake, former president of Sea Star Line, was sentenced to five years in prison and a $25,000 criminal fine. The sentence followed a two-week trial before the U.S. District Court for the District of Puerto Rico regarding the Department of Justice's claim that Peake participated in a price-fixing and bid-rigging conspiracy. This is the longest prison sentence ever imposed for an antitrust violation.

Bill Baer, the assistant attorney general heading the Department of Justice's Antitrust Division, supported Mr. Peake's sentence, commenting that "the Antitrust Division will continue to vigorously prosecute executives who collude to fix prices at the expense of consumers."

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