§ 65-08 Conflict of Interest Prohibitions.
RCNY § 65-08
(a)A Bidder cannot collude, consult, communicate, or agree in any way with any other Bidder or prospective Bidder for the purpose of restricting competition or inducing any other prospective Bidder to submit or not submit a bid for the purpose of restricting competition. A Bidder cannot disclose any bid price, directly or indirectly, to any other Bidder for the purpose of restricting competition or inducing any other prospective Bidder to submit or not submit a bid for the purpose of restricting competition. In addition to any other penalties provided by law, violation of this subdivision or submission of a false certification under 35 RCNY § 65-06 will result in the disqualification of all bids submitted by that Bidder. 35 RCNY § 65-08(a)Penalty: $10,000 fine and either disqualification of bid or, if sale has closed, revocation of Taxicab License(s)Appearance REQUIRED (b) A Taxicab Broker cannot submit a bid to purchase any Lot if that broker is acting as a Taxicab Broker for any Bidder. This prohibition also applies to any Business Entity Person or employee of a Taxicab Broker. 35 RCNY § 65-08(b)Penalty: $10,000 fine and either disqualification of bid or, if sale has closed, revocation of Taxicab License(s)Appearance REQUIRED
