John Ghianni, a former salesman for
He was scheduled to go to trial April 14 in U.S. District Court for the Southern District of New York.
Mr. Ghianni faces a maximum three years imprisonment and a $350,000 fine for conspiracy and three years and a $250,000 fine for filing false and fraudulent tax returns. He could also be ordered to pay restitution. Sentencing is set for Aug. 11.
A federal grand jury indicted Mr. Ghianni in May 2002 for conspiring to rig bids and allocate contracts for the supply of graphics services purchased by Grey Global Group's Grey Worldwide on behalf of a client.