You're watching...

Businesses Fined Record Amount Over Antitrust in 2012

Details

  • Description

    FBN's Rich Edson breaks down the record number of fines for businesses in the 2012 fiscal year.

  • Duration 1:20
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance

Transcript

This transcript is automatically generated

The federal government this -- doling out -- -- -- an antitrust.

Panel is sprouts that are rich at Citi he has what are exclusives.

-- -- -- -- -- -- a dozen companies more than a billion dollars in criminal fines and that's according to an analysis.

By a law firm Allen and ovary and just confirmed by the Justice Department exclusively to Fox Business.

The finds include more than a half billion dollars for auto parts companies and executives.

And Taiwan's eight you opt -- exits and LCD panel maker for half billion dollars those in several other smaller fines total more than one point one.

Billion dollars and the former director of justice's antitrust division says the ongoing investigations into other auto parts companies any interest rate rigging scandal.

Could set up 2013.

As another record breaking year.

We have other wide ranging investigations out there have been widely publicized.

Like the Libor investigation.

I think 2013 and stands to outpaced -- well.

-- hopefully we may be sitting here a year from now sitting between twelve pails in comparison to the corporate fines ultimately that come down between thirteen.

These funds represent a higher concentration on Asian business is the analysis is Asian based companies.

Paid more than 95%.

Of the total -- -- Back to you not rich let's bring out.