zipper cartel busted

[Tarmac]

Just saw this on DW tv. Megabust

BRUSSELS (Reuters) - The European Commission said on Wednesday it had fined a group of zip-makers including YKK, Prym and Coats a total of 328.6 million euros (229 million pounds) for running worldwide price-fixing cartels and sharing markets.

"The Commission has found four separate infringements in which these companies agreed on coordinated price increases, fixed minimum prices, allocated customers, shared markets and exchanged other commercially important and confidential information," the European Union executive said.

Japanese firm YKK and Coats of Britain were hit with the biggest fines, of 150.3 million and 122.4 million euros respectively.

Prym of Germany was ordered to pay a lesser fine of 40.5 million euros because it alerted the Commission to a cartel, the Commission said in a statement.

"The decision names five subsidiaries of the above groups, together with Scovill group, A. Raymond, Berning & Soehne and the German trade association Fachverband Verbindungs- und Befestigungstechnik, which also participated in one of the infringements," it said.

Scovill is a U.S. company, A. Raymond is French and Berning is German.

© Reuters 2007.

[PaperSt.]

I knew YKK would get it one day those fuckers got a monopoly goin' on I swear everything I own

[Tarmac]

it's not really a monopoly issue, they had agreements to keep all their prices at specific levels so that no matter which zipper company won a contract, the price was inflated

[wEstSidE]

yo sun who b takin bout monopoply

cartel aint b 4 a monoplyl it try 2 mak oligypoly b mor lyk monoply namsayn u cum 2 price desion get dat market powaaaz!!! lyk APEC do wit oilz

[notesee]

Perfect time to get into the zipper game.

[culture]

yo sun who b takin bout monopoply

cartel aint b 4 a monoplyl it try 2 mak oligypoly b mor lyk monoply namsayn u cum 2 price desion get dat market powaaaz!!! lyk APEC do wit oilz

does anyone actually read this guys posts?

[ProfMonnitoff]

does anyone actually read this guys posts?

ur stupid

[wEstSidE]

does anyone actually read this guys posts?

if u red it u mite lern sumthin

[ouss]

fuck thats business

[chmercer]

does anyone actually read this guys posts?

theres something special about seeing words like oligopoly juxtaposed with aol-esque ghettospeak

[Charlie Delta]

yo sun who b takin bout monopoply

cartel aint b 4 a monoplyl it try 2 mak oligypoly b mor lyk monoply namsayn u cum 2 price desion get dat market powaaaz!!! lyk APEC do wit oilz

Second whatever my man just said!

[onemancult]

yo i jus neg rep dat nikka an he still greeng. sum one finish ma biznesas.

[culture]

no one else finds that way of typing really, really annoying?

[culture]

theres something special about seeing words like oligopoly juxtaposed with aol-esque ghettospeak

thats true.

however, too bad he doesn't know the difference between APEC and OPEC...

[onemancult]

LULZ NIKKA SED tit FOR a TAT whENG RETALIATE.

APEC OPEC OPETH ... blAKKK METALLLL?

duud iz frum CanAdianA. y i no sorprize.?

[azn8oi]

It's on purpose.

[onemancult]

i just realized how engaging your avatar is, by staring at it for five minutes.

[cuddlysheep]

i heard they assasinated one of the board members for fessin up.mafioso style. ice pick back of the head. zipper mafias.

[ProfMonnitoff]

LULZ NIKKA SED tit FOR a TAT whENG RETALIATE.

APEC OPEC OPETH ... blAKKK METALLLL?

duud iz frum CanAdianA. y i no sorprize.?

U GOT TlT 4 TAT? I GOT I 4 I

[Servo2000]

yo i jus neg rep dat nikka an he still greeng. sum one finish ma biznesas.

Took him to red.

[Guest]

someone put him in the double red ,, i've never seen anyone with more than one red bar except that one guy with the massive raw peen

[lithiumsys]

Riri For The Steal! Get Em While They're Down

[ouss]

are these companies listed?

[notesee]

Zipper mafia, documentary coming soon.

[concealed]

zippers are the new oil

[headcoat]

RIRI still keepin it real