Las Vegas Resident Sentenced for Wage-Fixing and $10 Million Fraudulent Business Sale
Local Worker Impacted by Wage-Fixing Conspiracy: Case Overview
Federal authorities have sentenced a Las Vegas man to over three years in prison for masterminding a complex wage-fixing conspiracy that adversely affected thousands of employees across various sectors. The individual orchestrated secret agreements among competing companies to artificially cap wages, violating federal antitrust laws designed to ensure fair labor market competition. This prolonged scheme suppressed employee earnings and distorted the local job market.
Alongside the wage-fixing charges, the defendant was convicted for engineering a deceptive $10 million business sale. The fraudulent transaction involved misrepresenting the company’s financial health to mislead buyers and financial institutions, exacerbating the gravity of the offenses. The court imposed a sentence of 3 years and 4 months in federal prison, reflecting the judiciary’s firm stance against white-collar crimes that undermine economic fairness.
- Prison term: 3 years, 4 months
- Monetary penalty: $500,000 fine
- Restitution: Compensation to affected employees
Offense Effect Penalty
Wage-fixing conspiracy Thousands of local workers impacted Over 3 years imprisonment…