GE Pays $70.4 Million to Settle Bid Rigging Investigation

GE Company settles charges in bid rigging scheme.  Among other things is was alleged GE colluded with other big banks to rig bids on contracts with local governmental agencies:  taxpayers.  For example one friendly bank might put in a phony bid to help the other bank win the bid so on and so forth.  For the inquiring mind there is more here a the link.  Visit fix my credit for a free credit repair evaluation.