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The Justice settlement says simply that Wachovia "entered into unlawful agreements to manipulate the bidding process and rig bids".
In May of this year, UBS agreed to pay $160 million and admitted that its employees had conspired to rig bids in the municipal bond derivatives market.
The Justice Department said Mr. Walker had colluded with other executives, in person and on the phone, to rig bids, fix prices and allocate supply.
The five admitted they were part of what prosecutors called "a corrupt scheme" to rig bids, pay bribes and receive kickbacks in connection with contracts for school computers.
He admitted that he conspired, along with others, including several United States Army officers, to rig bids to steer contracts to a certain contractor.
Most of the defendants have been accused of taking part in a conspiracy to rig bids and force employers to make payoffs for labor peace.
Similar(30)
In April, his political secretary was arrested for allegedly rigging bids for public contracts.
Three former UBS executives were convicted earlier this year for rigging bids in the municipal bond market.
"It will come as a shock to residents that some construction companies have rigged bids for contracts at taxpayers' expense.
Mr Matsuoka was enmeshed in a corruption scandal that threatened to spread from fiddling his office expenses to rigging bids for public contracts.
The two conspiracy charges involved rigging bids in 2001 and 2002 for guaranteed investment contracts, which cities and counties use to park proceeds from municipal bond sales.
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CEO of Professional Science Editing for Scientists @ prosciediting.com