‘The Codfather,’ a New Bedford fishing mogul, pleads guilty

[wdmso]

A New Bedford fishing mogul known to locals as The Codfather pleaded guilty Thursday to mislabeling hundreds of thousands of pounds of fish, a scheme that enabled him to evade federal fishing regulations and boost his profits.

Authorities say his scheme not only cheated his captains and workers out of a share of his profits, but undermined fishing quotas that are meant to preserve a sustainable fishing industry.

Just another example of why businesses need regulation they cant be be trusted to do the right thing unless it is required by Law and some one is watching

Keep supporting less regulations and see these stories again and again in every industry across the USA