Monday, August 6, 2012

Gibson Settles With Government, Is Slapped With $350,000 in Fines for Importing Exotic Wood

Posted By on Mon, Aug 6, 2012 at 4:22 PM

The saga of The Gibson Guitar Company vs. The Big, Bad Federal Government came to a close today. The U.S. Department of Justice settled its case against the Nashville-based six-string manufacturer — which the government alleged illegally imported rosewood and ebony from India and Madagascar, a violation of The Lacey Act of 1900.

Gibson, which acknowledged breaking the law, will pay a $300,000 fine and make an additional $50,000 contribution to the National Fish and Wildlife Foundation to avoid criminal prosecution in the matter. The company will also forfeit its claim to wood seized during the investigation, valued at more than $419,000.

Read the Justice Department news release in full here.

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