Executives of Iowa-Ready Mix Concrete Companies Sentenced to Serve Prison Sentences for Price Fixing and Bid Rigging
Executive Sentenced to 48 Months for Violating Antitrust Laws WASHINGTON — Two Iowa ready-mix concrete executives were sentenced to serve jail time and pay criminal fines for their participation in separate conspiracies to fix prices and rig bids for sales of ready-mix concrete, the Department of Justice announced today. Steven Keith VandeBrake, the former sales manager of an Iowa ready-mix concrete company, was sentenced by U.S. District Court Judge Mark Bennett to serve 48 months in prison and to pay a $829,715.85 criminal fine for his participation in three separate conspiracies with three different companies involving agreements to fix prices and/or to rig bids for ready-mix concrete sold in Iowa. VandeBrake pleaded guilty on May 4, 2010, to the three-count felony charge filed in U.S. District Court in Sioux City, Iowa.