Three former executives of General Electric (GE) affiliates were convicted by a federal jury in...

|About: General Electric Company (GE)|By:, SA News Editor

Three former executives of General Electric (GE) affiliates were convicted by a federal jury in New York of conspiracy charges related to bid-rigging contracts in the municipal bond market. The convictions are the result of an ongoing investigation by the DoJ's New York Office, and each of the charges carries a maximum penalty per count of five years in prison and a $250,000 fine.