FOR IMMEDIATE RELEASE AT
THURSDAY, SEPTEMBER 28, 1995 (202) 616-2771
TDD (202) 514-1888
FORMER DALLAS BAKERY EXECUTIVE CHARGED WITH MAKING FALSE
STATEMENTS TO A GRAND JURY ABOUT BREAD PRICES
WASHINGTON, D.C. -- A former Dallas bakery executive was
charged today by the Department of Justice with making false
statements to a federal grand jury about discussions he had with
competitors about raising prices for bread and bread products.
Anne K. Bingaman, Assistant Attorney General in charge of
the Antitrust Division, said the charge resulted from an
investigation by a grand jury in Dallas into suspected price
fixing and bid rigging in the wholesale bread and bread products
industry in Texas.
The Department's Antitrust Division filed a criminal charge
in U.S. District Court in Dallas, against Charles W. Johnson of
Hot Springs Village, Arkansas, charging that he made false
declarations to a Dallas grand jury on June 29, 1995. Johnson is
a former president of Campbell Taggart Baking Companies Inc.'s
Dallas bakery and its predecessor, Manor Baking Company of
Dallas, also known as Dallas Rainbo bakery.
The Department said that Johnson discussed the prices
charged for bread and bread products sold by Dallas Rainbo bakery
with its competitors. Johnson also discussed raising and
coordinating the prices to be charged for bread and bread
products by the Dallas Rainbo bakery and its competitors with
employees of competing bakeries.
The investigation is being conducted by the Antitrust
Division's Dallas Field Office with the assistance of the
Department of Veterans Affairs, Office of Inspector General.
The maximum penalty for an individual convicted of making
false declarations to a grand jury is five years in prison and a
fine of $250,000.
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