Mr. Rattoballi is the sixth person to plead guilty in the case revolving around Grey, which is at the center of an ongoing federal antitrust investigation of bid-rigging, bribery, fraud and tax-related offenses in the advertising, printing and graphic industries.
Bid rigging
Mr. Rattoballi pleaded guilty to one count
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Mr. Rattoballi also pleaded guilty to one count of conspiracy to commit mail fraud in connection with a scheme to fraudulently inflate invoices to Grey. The inflated invoices would then be passed on to Grey's clients for payment, and to pay kickbacks to Mitchell Mosallem, a former Grey executive vice president and director of graphic services, the government alleged.
Mr. Mosallem and several other defendants were indicted by a grand jury in Manhattan on related charges on Sept. 17.
The bid-rigging charge carries a maximum penalty of three years' imprisonment and a $350,000 fine. The conspiracy charge carries a maximum penalty of five years' imprisonment and a $250,000 fine.