Monday, March 7, 2011

Well, it is the UK Union Jack Brits again. What are we going to do with them? Are they there to promote the revolution or stop it or even spy for Gaddafi inept soldiers who are getting their asses kicked.To date, 19 executives have been charged with wrongdoing — four have gone to prison — and 21 airlines have coughed up more than $1.7 billion in fines in one of the largest criminal antitrust investigations in U.S. history.

The court cases reveal a complex web of schemes between mostly international carriers willing to fix fees in lockstep with competitors for flights to and from the United States.

Convicted airlines include British Airways, Korean Air, and Air France-KLM. No major U.S. carriers have been charged.

The price-fixing unraveled largely because two airlines decided to come clean and turn in their co-conspirators.

In late 2005, officials with German-based Lufthansa notified the Justice Department that the airline had been conspiring to set cargo surcharges. By Valentine's Day 2006, FBI agents and their counterparts in Europe made the investigation public by raiding airline offices. After those raids, British-based Virgin Atlantic came forward about its role in a similar scheme to set fuel surcharges for passengers.

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