Samsung memory man gets eight months clink

A MAN WHO RAN the memory division at Samsung US will spend eight months in gaol and pay $250,000 after pleading guilty to conspiring to fix memory prices.

The US Department of Justice (DoJ) said that Thomas Quinn, a former vice president of marketing for memry at Samsung US, pleaded guilty to breaching the Sherman Act.

Quinn pleaded guilty to coordinating bids in an auction held by a DRAM buyer, said the DoJ.

So far the DoJ has charged four companies and 13 individuals with engaging in conspiracy and has collected $731 million in criminal fines.

Thomas Barnett, assistant attorney general at the DoJ antitrust division, said: "Those who engage in price fixing schemes will be held accountable for their illegal conduct."

Quinn will cooperate with the DoJ in its continuing investigation into the cartel. µ