Three former employees of a General Electric Co. unit were sentenced to prison terms Thursday after they were convicted of criminal charges earlier this year in a broad conspiracy to rig bids on investment contracts for municipalities. Federal prosecutors alleged that Dominick Carollo, a supervisor...
FULL ARTICLE AT Asian Wall Street Journal
GE Capital unit, where prosecutors say they colluded with counterparts at other firms to rip off bond issuers. Two men -- Dominick Carollo and Peter Grimm -- received three years in prison, while the third, Steven Goldberg, got four years.
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