The US Department of Justice announced (9/21/06): (emphasis added)
A San Jose, Calif., executive of Samsung Semiconductor Inc., the world's largest manufacturer of a common computer component called dynamic random access memory or DRAM has agreed to plead guilty and to serve jail time for participating in a global conspiracy to fix DRAM prices, the Department of Justice announced.
The charged executive, Thomas Quinn, participated in the price-fixing conspiracy in his capacity as vice president of marketing for memory products at Samsung Semiconductor Inc., a United States subsidiary of Korean memory maker Samsung Electronics Company Ltd. Quinn was charged with violating the Sherman Act in a one-count information alleging participation in an agreement to fix prices of DRAM and to coordinate bids in an auction held by a DRAM purchaser.
Under the plea agreement, which must be approved by the court, Quinn has agreed to serve eight months in prison and to pay a criminal fine of $250,000. In addition, Quinn has agreed to assist the Department in its ongoing investigation.
Read the Information linked here.
Read the DOJ press release linked here.
Read the Inquirer linked here.
Read Computing News linked here.
Buy your own handcuffs linked here.
You will be able to locate Mr. Quinn's new residence once he is incarcerated, via the Federal Bureau of Prisons link in the right column of Treowth.
Hat tip to Joe of the Pinehurst Thread for the DOJ press release link.
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