Commercial bribery is a form of bribery involving corrupt dealing with the agents or employees of a potential buyer to secure an advantage over business competitors, distinct from bribery of government personnel. A common form is the kickback, where a seller pays a buyer's purchasing manager personally to help secure a contract for the buyer's continued business. Related offenses include payola in the entertainment industry, match fixing in sports, corruption of labor union officials, and bid rigging in non-governmental contracts.
Facts
Elements of OffenseCorrupt dealing with the agents or employees of potential buyers to secure an advantage over business competitors 1 Jurisdiction VariationIn the US there is no general federal statute and only 36 states have specific laws; New York's is in Article 180 of its penal code 1 Violent or Non-Violent Partially Attested
Typical PenaltyUsually punishable as a felony under state law 1 Source says only that it is usually a felony under state law, no specific sentence given Classification
Offense GradeSerious or Indictable Offense 1 Connections
Sources
1. Commercial bribery - Wikipedia
Introduction, sentence 1
corrupt dealing with the agents or employees of potential buyers to secure an advantage over business competitors
United States law, paragraph 1
It is usually punishable as a felony under state law
United States law, paragraph 2
New York's law against commercial bribery is contained in Article 180 of the state's penal code
Lead paragraph
Commercial bribery is a form of bribery which involves corrupt dealing with the agents or employees of potential buyers to secure an advantage over business competitors.
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