Used Trucks News

Atlanta Truck Dealer Indicted For Bid-Rigging Of Used Trucks Sold At Government Auctions

WASHINGTON, D.C. -- A federal grand jury in Atlanta indicted an Atlanta  truck dealer today for participating in a conspiracy to  rig  bids for the purchase of used trucks sold at  government auctions  held in Georgia, the Department of Justice's Antitrust Division said.

The  indictment against Clarence E. "Bud"  Neville is thefourth  criminal  case  filed  in Atlanta  as  a  result  of  the Antitrust  Division's  continuing  investigation  into  collusive
practices by used truck dealers at public auctions.

The  indictment charged that the conspiracy began  in  June 1986  and  continued through November 1989, with Neville  joining the  conspiracy  in  June 1989.  Neville operated  Atlanta  Truck Parts in Atlanta, which sold new and used trucks and truck parts.

According to the indictment, Neville and the co-conspirators refrained  from  bidding against each other for the  purchase  of used  trucks  sold  at auctions held on behalf of  the  followinggovernments on the following dates:

     *  DeKalb County on June 14, 1986.

     *  City of Columbus on November 22, 1986.

     *  City of Atlanta on December 13, 1986.

     *  City of Atlanta on June 25, 1988.

     *  City of Atlanta on June 24, 1989.

     *  DeKalb County on October 14, 1989.

Anne  K. Bingaman, Assistant Attorney General in charge  of the  Antitrust  Division,  said the  criminal  charges  arose  in connection  with  a  grand  jury investigation  in  Atlanta  into
collusive  practices  by used truck dealers at  public  auctions. Bingaman  said  the  investigation  is  being  conducted  by  the Division's  Atlanta  Field  Office with  the  assistance  of  the Federal Bureau of Investigation.

The maximum penalty for an individual convicted of violating Section  One  of the Sherman Act is a period of incarceration  of three  years  and the greatest of a fine of $250,000,  twice  the gross  pecuniary gain derived from the crime, or twice the  gross pecuniary loss caused to the victims of the crime.

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