Court Imposes the Longest-Ever Antitrust Violation Prison Sentence for Ocean-Shipping Price-Fixing

In U.S. v. Frank Peake, District of Puerto Rico Judge Daniel Dominguez sentenced Sea Star Line LLC’s former president, Frank Peake, to five years in prison for his role in a conspiracy to manipulate the ocean-shipping company’s prices.  According to the prosecutors, Sea Star, Peake and his unnamed co-conspirators schemed to inflate the rates and surcharges they charged customers for their freight services, held meetings to enforce the artificially high prices, and rigged bids they submitted to government and commercial customers.  In addition to the five year prison sentence, which is the longest-ever for an antitrust violation, the court ordered Peake to pay $25,000 in fines.

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