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Stock impact report

Boise Cascade bought illegally imported timber. Here's the price it will pay [Yahoo! Finance]

Boise Cascade, L.L.C. (BCC) 
Last boise cascade, l.l.c. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: bc.com/investor-relations
Company Research Source: Yahoo! Finance
Jefferson Street, originally built as the headquarters of the now-defunct Boise Cascade Corp., houses the corporation's smaller descendant, the Boise Cascade Co. , and other businesses. Boise Cascade admitted to buying timber that was illegally imported from China, and it will cost the company millions. The Boise-based company was fined over $6.3 million for its role in a timber trafficking scheme that sought to evade countervailing and anti-dumping duties, according to a news release from the U.S. Department of Justice. The fines amount to twice the gross profits the company gained from selling the timber, and it also has to implement a compliance plan. Boise Cascade pleaded guilty and was sentenced Monday for a felony violation of the Lacey Act, a federal law that prohibits the trade of plant products that have been illegally possessed, transported or sold. The Justice Department said the company's distribution center in Pompano, Florida, bought more than $30 million worth Show less Read more
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