Collusion is a form of secret agreement between two or more people. These individuals typically meet secretly, reaching an agreement which is designed to deceive or defraud someone else, an organization, or the government. Collusion can take a number of forms, many of which are illegal, and individuals may have found themselves the victim of a lesser form as some point, as for example when a group friends all privately agree on which film they want to attend before contacting another friend.
In order for a charge of collusion to be proved, it must be demonstrated that the parties involved met knowingly and with the intent to deceive. If, for example, two companies meet and agree to a price-fixing scheme, this would meet the definition. If two companies just happen to set the same prices for their products, this would not be deceptive, although many people would view it as highly suspect, and it could be considered a case of tacit collusion.
Another form might happen when someone attempts to commit insurance fraud by damaging a home or car with the assistance of someone else. People have also been known to commit collusion during divorce proceedings, with one partner pretending to have committed adultery so that the divorce will go through. To address this problem, many regions have established no-fault divorce laws, which allow people to divorce by mutual agreement.
Like other fraudulent activities, collusion may be heavily punished if the perpetrators can be found. In the financial world, it is seen a violation of free market rules, creating a situation in which companies defraud their investors and the public for profit, and as such companies are closely monitored for signs of secret agreements. Sometimes, a situation called “tacit collusion” arises, where companies collude without verbally agreeing to, as might happen when companies peg their prices on one market leader, rather than setting them on their own.
Collusion definition is - secret agreement or cooperation especially for an illegal or deceitful purpose. How to use collusion in a sentence. What is the legal definition of 'collusion'? Donald Trump Jr. Met with a Russian lawyer in June 2016, and many critics say this points to 'collusion.'
Some games also involve collusion, especially poker. As a general rule, it's hard to do by accident. If someone find himself in a private meeting with someone or an organization and he are asked to cooperate with them in a way that seems suspect or potentially fraudulent, he may want to decline, to avoid being accused of collusion.
Collusion is a type of fraud in poker when two or more players 'work as a team' to gain winnings by getting dishonest edge against their opponents.
The most common form of collusion is the situation when several players (most often in cash games or in Sit-n-Go tournaments) share their cards (suits and rankings) with each other and, therefore, they get an edge over their opponents.
What is Collusion in Poker? Collusion describes the act of working together with other players at the table in order to gain an unfair advantage. Poker is a solo game, any collaboration with other players is against the rules and can result in a permanent ban from the game in question. Introduction 2 Another problem of online poker are players which work together by exchang- ing information at the same poker table. This is called collusion. Since poker is a single player game collusion is considered cheating.1Colluding players try to cheat on fair players to get their money.
For example, at 6-max cash table there are three colluded players who know the cards of each other in every hand thanks to the chat outside of the poker room. One of them get a hole pair of kings and he instantly informs the others about that, and they immediately fold their holdings. The player with the pair of kings continues to play and likely wins some chips. This way the probability of losing the whole stack is minimal, that gives players an edge.
If you suspect somebody in collusion, don’t hesitate to inform the support team of the poker room about it.
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