Bid-Rigging Cases

Bid-rigging is a form of fraud where competing parties collude to manipulate the bidding process. This typically occurs in auctions or contract awards, where companies agree to set prices, rotate bids, or not compete against each other. As a result, the true competitive nature is compromised, leading to inflated prices and reduced options for consumers or governments. Authorities like the Federal Trade Commission investigate and penalize such practices to ensure fair competition and integrity in the market, ultimately protecting consumers and taxpayers from unfair pricing and limited choices.