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Tuesday, August 7, 2012

Update: Gibson Guitar to Pay Fine Over Wood Imports


 Gibson Guitar Corp. agreed to pay a $300,000 fine to resolve a federal criminal investigation into allegations that it illegally imported wood from Madagascar and India, in a case that has fanned debate about whether the strict enforcement of a century-old conservation law poses a threat to jobs.
The case grabbed national attention nearly a year ago after agents from the U.S. Fish & Wildlife Service raided Gibson, seizing raw materials and nearly 100 guitars and shutting down production at the Nashville, Tenn.-based company, whose guitars are used by musicians including B.B. King and AC/DC’s Angus Young.

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