On October 1, 2008, four U.S. shipping company executives including Peter Baci of Jacksonville, FL, Kevin Gill and Gregory Glova of Charlotte, NC, and Gabriel Serra of San Juan, Puerto Rico pled guilty for their role in a broad conspiracy to rig bids, fix prices, and allocate market share for customers transporting goods between the United States and Puerto Rico. A fifth shipping executive, Alexander Chisholm, of Jacksonville, FL was charged with obstruction of justice. He agreed to plead guilty and serve jail time.
The conspiracy took place from May 2002 and continued until April 2008. The objective of the conspiracy was to raise prices and eliminate competition for the movement of goods such as heavy equipment, medicines and consumer goods, on scheduled ocean voyages between the U.S. and Puerto Rico.