When does a gift accepted by a banker clearly violate the Bank Bribery Act?
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A. B. C. D.B
The Bank Bribery Act (18 U.S.C. § 215) prohibits the giving or accepting of gifts, gratuities, or anything of value to or from bank employees or officials in connection with a bank transaction or business with the intent to influence or reward such person. Therefore, accepting a gift as a banker can violate the Bank Bribery Act if it is done with corrupt intent, and the value of the gift is immaterial to the violation.
Option A - "When it is given for personal reasons" is not entirely correct. The motive behind the gift is relevant, but it must be tied to influencing or rewarding the banker for business-related reasons to violate the Bank Bribery Act.
Option B - "When it is given with corrupt intent" is correct. The Bank Bribery Act prohibits the acceptance of gifts with the intent to influence or reward bank officials or employees.
Option C - "When it is valued at a dollar amount exceeding $50" is not accurate. The Bank Bribery Act does not set a monetary threshold for the value of gifts that would constitute a violation.
Option D - "When it is not given in connection with a generally accepted holiday" is also not accurate. A gift given on a holiday is not automatically exempt from violating the Bank Bribery Act. It depends on the motive behind the gift, as previously stated.
Therefore, the correct answer is B - when a gift is given with corrupt intent, it violates the Bank Bribery Act.