close
close

Asphalt Exec was convicted for 6 months for USD 22 million BID-Rigging scandal

A federal judge sent Daniel Israel, former president and co-founder of Asphalt Specialist's Inc. (ASI), to six months in prison in order to condemn his role with a conspiracy of $ 22 million.

On Thursday, US district judge Gershwin A. Drain imposed prison and emphasized the need for a prison sentence to prevent crime and protect the competition of the fair market competition. In addition to the prison sentence, Israel was instructed to pay a fine of 500,000 US dollars.

The 63-year-old Israel, who spoke to the Sherman Act in October 2023 after the public prosecutor's office with ASI, asphalt paving company Inc., and F. Allied Construction Company Inc., who had blurred companies in Michigan, in Michigan, over six million US dollar, who scrubbed themselves over six million US dollar, were overlaid.

Judge Drain rejected Israel's application for probation and explained that a forgiving punishment would undermine the efforts to prevent BID rigging and other crimes in effect.

“If I were real, nobody would deter anyone from the BID-Targging. People would think that they could get through with it,” she would get through with it. “ said judge drain.

Israel expressed remorse during the conviction and described his feelings as “humiliated” and “ashamed”, but claimed that he did not know that the behavior was illegal.

The verdict is a departure down from the recommended nine months in prison for the government, while the imposed fine exceeded the government's recommendation in the amount of $ 250,000, which reflected the judge's view of the financial resources of Israel.

This case follows the earlier conviction of other ASI managers and companies that are involved in the program, including a fine of 6.5 million US dollars against ASI itself and prison period for a former ASI manager. The Ministry of Justice continues to pursue the accountability for competitive behavior that affect markets and consumers.

The public prosecutor was headed by Allison Gorsuch and Ruben Martinez by the Cartel department of the Doj. Daniel Israel was defended by Hertz Schram PC by Walter Piszczatowski.

Fall reference: United States of America against Israel, Case No. 2: 23-CR-20538, US district court, Eastern district of Michigan.

Leave a Comment