Feeds

Three Samsung DRAMers prepare for life behind bars

A dirty dozen

Secure remote control for conventional and virtual desktops

The memory cartel saga continued today with three Samsung Electronics executives agreeing to go to the slammer and make amends for fixing DRAM prices.

Senior manager of DRAM sales Sun Woo Lee will serve eight months, while two lower level DRAM staffers Yeongho Kang and Young Woo Lee will serve seven months. All three have plead guilty to participating in a conspiracy to fix the prices of DRAM. All told, four companies - Hynix, Infineon, Elpida and Samsung - have been caught up in the memory scandal and paid $731m in fines.

“True deterrence occurs when guilty individuals serve jail terms, and not just when corporations pay criminal fines,” said US Attorney General Alberto Gonzales. “These pleas should send a clear message that we will hold accountable all conspirators, whether domestic or foreign, that harm American consumers through their illegal conduct.”

The actions of the memory makers affected the likes of Dell, HP, Compaq, IBM, Gateway, Apple and their customers.

The Samsung executives join nine other executives at various companies who have been charged in the memory ordeal. The Samsung staffers will each pay a $250,000 fine in addition to going to the clink.

The US government has built a case showing that the memory makers held meetings from 1999 to 2002 in which they worked to set common prices for DRAM. During this period, PC maker executives such as Michael Dell accused the companies of acting like a cartel.

The US Department of Justice warned that its still in pursuit of people involved in the memory scandal.

“These are the first executives from Samsung to plead guilty to fixing prices in what is still an active investigation into antitrust violations in the DRAM industry,” said Thomas O. Barnett, Assistant Attorney General in charge of the Department’s Antitrust Division. “We will continue our efforts to bring to justice other domestic and foreign-based executives who were involved with fixing DRAM prices.” ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
UK.gov pushes for SWIFT ACTION against nuisance calls, threatens £500k fines
DCMS seeks lowering of legal threshold to fight rogue firms
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.