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  2. Bid rigging - Wikipedia

    en.wikipedia.org/wiki/Bid_rigging

    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.

  3. Collusion - Wikipedia

    en.wikipedia.org/wiki/Collusion

    At the collusive price, the firms are symmetric, ... Collusion may also occur in auction markets, where independent firms coordinate their bids (bid rigging). [14]

  4. Price fixing - Wikipedia

    en.wikipedia.org/wiki/Price_fixing

    It is more common to have price fixing trends during the bidding process, such as: If the bid or quoted price is much higher than expected, the reason may be collusive to set the price or just overpriced, but it is legal in itself. If all suppliers choose to increase prices at the same time, it is beyond the scope of input cost changes.

  5. 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 ...

  6. NY state got help from powerful union to rig the bidding for ...

    www.aol.com/news/powerful-union-helped-ny-state...

    New York is facing yet another lawsuit alleging it rigged the bidding process for Gov. Kathy Hochul’s move to overhaul a massive $9 billion homecare program. ... alleging bid-rigging on the part ...

  7. Connecticut insulation contractor sentenced to prison in ...

    www.aol.com/news/connecticut-insulation...

    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 ...

  8. List of price fixing cases - Wikipedia

    en.wikipedia.org/wiki/List_of_price_fixing_cases

    A federal district court in February 1961 fined 29 electrical manufacturing companies and 45 individuals a total of $1,924,500 for violating the antitrust laws by fixing prices and rigging bids on heavy electrical equipment, some of which was sold to the Government. [46] (See also: Allis-Chalmers § 1960s and 1970s.)

  9. JP Morgan Penalized $228 Million to Settle Bid Rigging Charges

    www.aol.com/news/2011-07-11-jp-morgan-penalized...

    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 ...