Daniel Glad, acting Deputy Assistant Attorney General for the US Department of Justice's Antitrust Division, delivered a keynote address focusing on the division's intensified enforcement against cartel activities across sectors. Over the past year, nearly 100 criminal antitrust probes have been initiated, reflecting a robust crackdown on illegal collusion that harms competition and consumers. Roughly half of these cases pertain to private markets, with the rest involving government procurement fraud. Glad described the Procurement Collusion Strike Force model as highly effective in uncovering conspiracies that constitute fraud against the public, reiterating that illicit agreements among competitors undermine market integrity and... [Continue Reading]