David Camp pleads guilty to price fixing on Amazon.
David Camp, an Amazon seller based in Knoxville, Tennessee, has been accused of conspiring to fix the prices of DVDs and Blu-ray discs he sold through the Amazon Marketplace between May 2018 and October 29 2019. The Department of Justice (DOJ) is investigating the case, and Camp is the first to be charged. It operated a virtual storefront and had a physical business address located in Sweetwater, Tennessee, according to documents.
“American consumers deserve the benefits of competitive pricing, whether they shop in physical stores or an online marketplace,” said Acting Deputy Attorney General Richard A. Powers of the Department of Justice’s Antitrust Division. . “By their actions, the defendant and his co-conspirators have denied DVD and Blu-ray disc buyers free and open competition, and instead have lined their own pockets. The division remains dedicated to protecting online sales against collusion, especially as online shopping becomes more and more ubiquitous. “
Camp, as an online seller, and his co-conspirators, according to investigators, “Agreed to increase and maintain the prices DVDs and Blu-rays sold in their Amazon Marketplace stores. These products were sold at prices well above fair market value. Camp’s business practices were therefore detrimental to Amazon and other sellers in the online marketplace. It operated in direct violation of the terms set out for the sellers and caused consumers to expect to pay unreasonably high and unfair prices.
“Honest and competitive product pricing enables consumers to purchase products at fair market value, providing an overall benefit to the individual customer and the market as a whole,” said Deputy Director in charge William F. Sweeney Jr. of the FBI in New York. Field office. “Partnering with competitors to price products at higher rates than necessary takes away that protection for consumers – it’s also illegal, whether it happens on an online platform or in a transaction. face to face. Today’s guilty plea should remind other like-minded people that they will eventually have to answer for this type of behavior. “
“Activities related to collusion, bid-rigging and market sharing do not foster an environment conducive to open competition, which hurts the consumer,” said Steven Stuller, Acting Executive Special Agent, Office of the Inspector General of the United States Postal Service (USPS). “Along with the Department of Justice and our federal law enforcement partners, the USPS Office of the Inspector General will aggressively investigate those who engage in this type of harmful conduct.”
Congress initially adopted antitrust law, the Sherman Act, in 1890 as a “comprehensive charter of economic freedom to preserve free and unhindered competition as the rule of commerce”. In 1914, Congress passed two more antitrust laws: the Federal Trade Commission (FTC) Act, which created the FTC, and the Clayton Act. These actions have been put in place to maintain fair business practices. Violations of Sherman’s Law can lead to significant consequences both civil and criminal, which Camp will now face. The penalties include fines of up to $ 1 million for an individual, as well as ten years in prison.