Rigging

Rigging – in the sphere of Commercial Law, this legal term refers to illegal practice of placing fake bids on stock products, so their price is pushed extremely high and the misled competitors start buying it. The main goal is to sell something, which does not cost much, for really huge price, and respectively, to make illegal profit from it on the back of others. For example, a cheater, being unofficial partner with the seller, bids on a stock share together with a fair buyer, without actual intention to buy it, but only with the purpose to increase its price a lot and then to share the achieved profit with the seller.

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