Posts Tagged ‘price-fixing’

Germany: Wurst Crime Ever

July 20, 2014

Germany: Wurst Crime Ever

Germany’s anti-trust agency (Bundeskartellamt) has fined 21 sausage manufacturers and 33 individuals $460 million for illegal price-fixing over two decades.  Gott im Himmel!

The ring is alleged to have met in Hamburg’s luxurious Hotel Atlantic. Wonder what they ate?

Sausages are central to the German identity, second only to beer. In related German crime news, thieves in the city of Krefeld broke into a warehouse and stole 300,000 liters (80,000 gallons) of beer. Ten truckloads. Worth $3 million. Right before Germany’s big World Cup celebration party.

More:

“German sausage makers in meaty fine over price-fixing,” BBC News

“Bundeskartellamt imposes fines on sausage manufacturers,” press release

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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