Bribery and Extortion

Bribery and extortion in the context of bankruptcy crime involve illegal actions to manipulate financial situations. Bribery occurs when someone offers money or favors to an official or decision-maker to influence their actions, often to gain an unfair advantage in bankruptcy proceedings. Extortion, on the other hand, involves coercing someone to give money or assets under threat, such as revealing damaging information. Both practices undermine the fairness of the bankruptcy process, potentially leading to unjust outcomes for creditors and debtors. They are serious offenses that can result in criminal charges and significant penalties.