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Bid rigging is a fraudulent scheme in a procurement action which enables companies to submit non-competitive bids. It can be performed by corrupt officials, by firms in an orchestrated act of collusion , or by officials and firms acting together.
The list includes several publicly listed companies, including Balfour Beatty, Kier Group and Carillion, with 80 of the firms have already admitted participating in some form of bid-rigging, or have applied for leniency in return for assisting the OFT. The allegations centre around "cover pricing", in which firms secretly agreed the prices they ...
An ongoing public corruption, bid-rigging, and kickback investigation by the FBI and Texas Department of Public Safety has resulted in the arrest and imprisonment of all four Maverick County commissioners, one justice of the peace, and several local government employees and businessmen since October 2012, making it the largest public criminal ...
JP Morgan Chase has agreed to pay nearly a quarter of a billion dollars in compensation, penalties and disgorgement to federal and state agencies to settle charges of bid rigging in the municipal ...
The case involved the bid system for Aldi construction projects in southern Illinois and Missouri. Breese contractor and Aldi executive sentenced in bid-rigging and kickback scheme Skip to main ...
A North Haven insulation contractor who pleaded guilty in 2020 to bid-rigging and fraud was sentenced this week to a year and a day in prison, and he and his company must pay more than $1 million ...
In December 2011, the SEC filed the final two actions in a series of cases in a wide-ranging complex bid-rigging scheme involving several financial firms related to the reinvestment of proceeds from the sale of municipal securities.
Dennis Tyler (D) Mayor of Muncie, pled guilty to one count of theft of government funds as part of a bid rigging conspiracy involving several municipal officials and employees. (2021) [ 64 ] John Jessup (R) County Commissioner of Hancock, pled guilty to felony attempted sexual assault of his daughter.