Monterey CEO Sentenced for Racketeering 2/12/13 11.30a AF

A Monterey based business owner was sentenced to 6 years in prison this morning, and ordered to pay $3.45 million in fines for racketeering and price fixing.       57-year-old Frederick Scott Salyer was the owner and CEO of SK Foods, which produces tomato paste and several other products, between 1990 and 2009.     Salyer admitted to giving bribes to purchasing officers at Kraft, Frito Lay, and B&G Foods, and routinely had his company’s lab falsify reports about the quality of their products.    Sayler also conspired with other companies to fix prices on their products to illegally make millions of dollars in profits at the expense of consumers.     Investigations in this case began in 2006, and have involved the FBI, IRS, and the Federal District Attorney’s Criminal Investigation Unit.