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The CEO of Bumble Bee has been charged with pricing tuna



  Bumble Bee Tuna

The CEO of Bumble Bee has been charged with conspiracy to inflate tuna prices.

A federal court has indicted Christopher Lischewski, the CEO of Bumble Bee Foods, in connection with pricing for packaged seafood scams.

The Department of Justice claims that Lischewski met with fish companies and communicated with them to artificially raise prices for tuna. Although the Department of Justice does not name the co-conspirators are major grocery chains, including Walmart ( WMT ) Kroger ( KR ) and Albertsons , Bumble Bee, Starkist and the maker of chicken-of-the-sea sued in 201

6 for pricing.

The lawsuit alleges that Lischewski conspired with the other companies between November 2010 and December 2013. He is the fourth single member accused of a federal investigation of the industry.

If convicted, he faces a possible 10-year prison sentence, a $ 1 million fine and other penalties.

Bumble Bee could not be reached for comment.

Related: Bumble Bee agrees to plead guilty to tuna pricing

In 2017, Bumble Bee agreed to plead guilty to his role in the conspiracy and agreed to a fine of 25 Million dollars too.

Lischewski is not the only Bumble-Bee manager charged with the program. In 2016, Walter Scott Cameron, the company's senior vice president of sales, voted to plead guilty to his role in the conspiracy.

CNNMoney (New York) First published May 16, 2018: 8:47 pm ET


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