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News release
2, 2009 WASHINGTON The pharmaceutical giant Pfizer agreed to pay $2.3 billion to settle civil and criminal allegations that it had illegally marketed its painkiller Bextra, which has been.
Engineering firm CIMA+ has been ordered to pay $3.2 million over the next four years for bid-rigging on municipal infrastructure contracts in the province of Québec.
Competition Bureau investigation has led to more than $12M in payments by six colluding firms
December 8, 2020 - GATINEAU, QC - Competition Bureau
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Engineering firm CIMA+ has been ordered to pay $3.2 million over the next four years for bid-rigging on municipal infrastructure contracts in the province of Québec.
The payment is part of a settlement filed today with the Superior Court of Québec between the Public Prosecution Service of Canada and CIMA+. The settlement ends the Competition Bureau’s investigation of the company’s role in a bid-rigging scheme that targeted municipal contracts in Québec City, Montreal, Laval, St-Eustache and Gatineau between 2003 and 2011.
The settlement takes into account the fact that CIMA+ previously reimbursed overpayments related to the bid-rigging through the Government of Quebec’s Voluntary Reimbursement Program. The Court also ordered the company to maintain its corporate compliance program, which is designed to prevent further anticompetitive activity by its employees.
This is the sixth settlement resulting from the Bureau’s ongoing investigation. CIMA+ and five other engineering firms have been ordered to pay a total of $12,050,000 for their respective roles in the bid-rigging scheme. The five other firms include:
The $3.2 million payment by CIMA+ will be made to the Receiver General of Canada.
“There is a price to be paid by those who defraud taxpayers by rigging bids on municipal contracts. This latest settlement is a reminder that we will continue to pursue all those involved in such criminal schemes.”
Matthew Boswell
Commissioner of Competition
Quick facts
The Bureau’s investigation has also resulted in guilty pleas by four former executives of engineering firms CIMA+, Genivar and Dessau for bid-rigging on City of Gatineau infrastructure contracts. They received conditional prison sentences totalling five years and 11 months, and court-ordered community service totalling 260 hours.
Bid-rigging raises the cost of products or services. Bid-rigging on municipal contracts amounts to a theft of taxpayers’ money that could otherwise be spent on important public needs.
If you suspect that you are a victim of big-rigging or have information about a bid-rigging scheme, please contact the Competition Bureau.
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How to Calculate Betting Odds and Payoffs
Betting on the outcome of horse racing can be fun and profitable and, if you know what you're doing, you might even be able to beat the odds.
The horse racing betting odds for each horse are displayed on a tote board at the track or on the betting ticket online. The basic information on the betting ticket window is the 'odds to win' for each horse. Although it won't tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. For example, 3-5 odds means that for every $5.00 you wager, you'll win $3.00.
Payouts are determined by how much is in the total pool (all the money bet on all the horses to win) minus the 'take' which is usually between 14%-20% depending on the track. The take varies from state to state and the money is used to pay taxes, purse money for the horsemen, expenses at the track, and the track's profit.
Most tracks require a $2.00 minimum bet, here are the pay-offs for $2 win bets:
3 To 2 Payout Calculator
| ODDS | ODDS | Payout | ODDS | |
| 1-5 | $2.40 | 8-5 | 6-1 | $14.00 |
| 2-5 | 9-5 | $5.60 | 7-1 | |
| 1-2 | $3.00 | 2-1 | 8-1 | $18.00 |
| 3-5 | 5-2 | $7.00 | 9-1 | |
| 4-5 | $3.60 | 3-1 | 10-1 | $22.00 |
| 1-1 | 7-2 | $9.00 | 15-1 | |
| 6-5 | $4.40 | 4-1 | 20-1 | $42.00 |
| 7-5 | 9-2 | $11.00 | 30-1 | |
| 3-2 | $5.00 | 5-1 | 50-1 | $102.00 |