Boise Cascade Pleads Guilty, Fined $6.38M for Role in Timber Trafficking Scheme

Dow Jones
04/28

By Kelly Cloonan

 

Boise Cascade pleaded guilty and was sentenced to pay a fine of $6.38 million for violating federal law for its role in a timber trafficking scheme, the Justice Department said.

The Department of Justice said Monday the company purchased, sold and transported hardwood plywood from Horizon Plywood that it knew, or should have known, was illegally imported from China in order to evade countervailing and anti-dumping duties.

The importation was illegal because Horizon smuggled the wood and violated the Lacey Act by falsifying import declarations for hardwood and softwood plywood, the Justice Department said.

"Boise Cascade either knew about or was willfully blind to the illegal importation of the plywood they were purchasing from Horizon Plywood," said Adam Gustafson, principal deputy assistant attorney general of the Justice Department's Environment and Natural Resources Division.

The Justice Department said Boise Cascade marks the third federal criminal enforcement action to come out of the duty evasion scheme.

Boise Cascade didn't immediately respond to a request for comment.

The fine represents twice the gross profits the company derived from the illegal wood at issue in the case, the Justice Department said. Boise Cascade was also sentenced to implement a compliance plan.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

April 27, 2026 17:27 ET (21:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10