Corruption Schemes
In a corruption scheme, an employee uses their position to influence a business transaction to gain an unauthorized benefit for themselves or someone else. This dishonest behavior violates the employee’s duty to their employer. There are four types of corruption schemes: bribery, conflicts of interest, illegal gratuities, and economic extortion.
Bribery: Bribery is offering, giving, receiving, or solicitation of anything of value to influence a business decision or official act.
Conflicts of Interest: Occurs when an employee, manager, executive, or other agent has an undisclosed economic or personal interest in a transaction that has an adverse effect on their employer.
Illegal Gratuities: An illegal gratuity occurs when something of value is given as a reward for a favorable decision. It differs from a bribe in that there is no intent to influence a specific decision.
Economic Extortion: This scheme is the reverse of bribery. Instead of offering something of value for a favorable decision, economic extortion demands something of value for a favorable outcome.
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