Marine Link
Friday, March 29, 2024
SUBSCRIBE

William Alan Potts News

23 Apr 2009

Trelleborg AB to Pay $11m in Criminal Fines

Two subsidiaries of the Swedish company Trelleborg AB, one based in Virginia and the other in France, have agreed to plead guilty and pay a total of $11m in criminal fines for their participation in separate conspiracies affecting the sales of marine products sold in the United States and elsewhere, the Department of Justice announced April 21. A two-count felony charge was filed in U.S. District Court in Norfolk, Va., against Virginia Harbor Services Inc., formerly known as Trelleborg Engineered Products Inc. (VHS/TEPI), a manufacturer of foam-filled marine fenders, buoys and plastic marine pilings headquartered in Clearbrook, Va. According to the charges…

19 Nov 2008

Exec to Plead Guilty to Bid Rigging

The former president of a California marine products company has agreed to plead guilty for his role in a conspiracy to rig bids and allocate customers with respect to marine products purchased by the U.S. Navy, the U.S. Coast Guard and other public and private entities, the Department of Justice announced. Under the plea agreement, which is subject to court approval, Andrew Barmakian has agreed to serve a sentence and pay a criminal fine to be determined by the court. He has also agreed to cooperate with the Department's ongoing investigation in the marine products industry. He is the fifth executive to agree to plead guilty in the ongoing investigation. According to the one-count felony charge filed today in the U.S.

13 Aug 2007

Executive Agrees to Plead Guilty to Bid Rigging

The vice president of a Virginia marine products company has agreed to plead guilty, serve a sentence and pay a criminal fine for his role in a conspiracy to rig bids and allocate customers with respect to marine products purchased by the U.S. Navy, the U.S. Department of Justice announced. William Alan Potts, a British citizen who is vice president of a marine products company located in Clearbrook, Va., entered a plea agreement in the U.S. District Court in Norfolk, Va. According to the one-count felony charge, Potts participated in a conspiracy between December 2000 and May 2003 to allocate customers and rig bids for contracts to sell plastic marine pilings.