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Salyer pleads guilty 03/23/12 TDH

The former CEO of monterey-based SK foods has pleaded guilty to racketeering.  56-year-old Frederick “Scott” Salyer was convicted of charges related to price fixing and bribing food buyers interested in the company’s tomatoes.  Salyer pleaded to 2 charges, racketeering and price fixing.  He is expected to face between 4 and 7 years in prison.  salyer remains free on bail; he is set to be sentenced on july 10th.10 former employees of sk foods have been convicted in the case, as have buyers from several major food companies.  After declaring bankruptcy in 2009, sk foods was sold to Singapore-based olam international.

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