Tag: FBI

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FBI Busts LCD Price Fixing Conspiracy

If you purchased a TV, monitor, or laptop between 2001 and 2006, then there’s a good chance that you paid too much for it. On Friday, the Federal Bureau of Investigation reported that it had discovered and prosecuted those involved in an LCD price fixing conspiracy.

According to the report, a Taiwanese LCD producer — AU Optronics Corporation — and two former executives, have been sentenced for LCD price fixing. The two execs will spend three years in federal prison and the company will be forced to pay $500 million in fines.

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