California Executive Agrees to Plead Guilty to Bid Rigging on Contracts with the U.S. Navy and Others

WASHINGTON — The former president of a California marine products company has agreed to plead guilty for his role in a conspiracy to rig bids and allocate customers with respect to marine products purchased by the U.S. Navy, the U.S. Coast Guard and other public and private entities, the Department of Justice announced today.

Under the plea agreement, which is subject to court approval, Andrew Barmakian has agreed to serve a sentence and pay a criminal fine to be determined by the court. He has also agreed to cooperate with the Department’s ongoing investigation in the marine products industry. He is the fifth executive to agree to plead guilty in the ongoing investigation. More...