Kickback

Kickback: A kickback is a form of bribery in which a person or organization receives a portion of the proceeds from a business transaction as a reward for facilitating that transaction. It typically involves an illicit payment made in return for favorable treatment, such as awarding contracts or ensuring that certain goods or services are provided.

Examples:

• A contractor agrees to pay a government official a percentage of the contract value in exchange for bEINg awarded a construction project.
• A pharmaceutical representative provides kickbacks to doctors for prescribing specific medications, inflating the sales figures for those drugs.

Cases:

• The GSA Scandal, where government employees were found to have accepted kickbacks from contractors for awarding federal contracts.
• The Cardinal Health Case, where the company was implicated in paying kickbacks to hospitals in exchange for contracts to supply medical products.