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Federal Contractor Misconduct Database (FCMD)
The federal government routinely awards contracts to companies with
histories of misconduct, including
…
contract fraud and other
violations. POGO believes that providing this website will help to
improve contracting decisions and increase public knowledge of how
the government spends billions of taxpayer dollars each year.
Read more…
Paraffin Wax Price Fixing
Exxon Mobil and other producers of paraffin waxes were fined by European Commission regulators for participating in a cartel from 1992 to 2005 that fixed the price of paraffin wax and slack wax (the raw material used to produce paraffin wax). Exxon Mobil also engaged in market allocation for paraffin wax and fixed prices for slack wax sold to end-customers on the German market. Exxon Mobil was fined 83.6 million euros ($115.6 million). In July 2014, Exxon’s fine was reduced to 62.7 million euros ($83.8 million) to reflect the fact that Exxon was not involved in the cartel between 1992 and 1999. See related Royal Dutch Shell PLC instance, “Paraffin Wax Price Fixing.”
- Misconduct Type
- Antitrust
- Enforcement Agency
- International
- Contracting Party
- None
- Court Type
- Administrative
- Disposition
- Fine
- Date of Fine Announcement
- 10/1/2008
Contractors Involved |
Penalty |
Total |
|
Exxon Mobil |
$83,820,528
|