US: Online collusion

“This prosecution arose from an ongoing federal antitrust investigation into price fixing in the online promotional products industry.

E-commerce company Custom Wristbands Inc. (aka Kulayful Silicone Bracelets, Kulayful.com, Speedywristbands.com, Promotionalbands.com, Wristbandcreation.com and 1inchbracelets.com) and its top executive Christopher Angeles have agreed to plead guilty for conspiring to fix prices for customized promotional products sold online to customers in the United States. (…) the defendants and their co-conspirators agreed, from as early as June 2014 until June 2016, to fix the prices of customized promotional products sold online, including wristbands.

“Today’s charges are yet another step in the Division’s commitment to prosecuting collusion that affects the online marketplace,” said Acting Assistant Attorney General Andrew Finch of the Department of Justice’s Antitrust Division.” (Aug. 22/2017)

Source: U.S. Department of Justice

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