Justice's Cartel Crackdown

It has 25 grand juries looking into international price-fixing

It sounds like the plot of a paperback thriller. Top executives from competing companies in the U.S., Germany, and Japan jet around the world holding clandestine price-fixing meetings at glittering world capitals. Carving up the world market in a key industrial commodity, they agree to limit production and avoid unnecessary competition. Keeping their activities secret, even from fellow employees, the execs use code names when talking to each other on the phone.

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