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Money laundering and other creative accounting practices that are misused in ways to disguise sources of illegal funds. Organized, coordinated, and repeated or regular theft operations, including: pickpocketing, burglary, smash and grab, home invasion, gasoline theft, metal theft, train robbery, armed robbery, bank robbery and art theft; Terrorism
But racketeering is “not only associated with organized crime,” Blakey says. The federal law is pretty broad, and has even been used to prosecute insider trading cases and anti-abortion groups ...
The larger crime may be racketeering, money laundering, financing of terrorism, etc. [1] For example, to violate the Racketeer Influenced and Corrupt Organization Act (RICO), a person must "engage in a pattern of racketeering activity", and in particular, must have committed at least two predicate crimes within 10 years. [ 2 ]
In the United States, the longest sentences for white-collar crimes have included the following: Sholam Weiss (845 years for racketeering, wire fraud and money laundering in connection with the collapse of National Heritage Life Insurance Company); Norman Schmidt and Charles Lewis (330 years and 30 years, respectively, for "high-yield ...
Fourteen defendants affiliated with FIFA were indicted under the RICO act on 47 counts for "racketeering, wire fraud and money laundering conspiracies, among other offenses, in connection with the defendants' participation in a 24-year scheme to enrich themselves through the corruption of international soccer".
A nationwide prison gang leader operating in Mississippi prisons has been sentenced to 20 years for a racketeering ... and was involved in drug trafficking and money laundering, according to court ...
The deal collapsed in May 2023 when it emerged that the money-laundering probe would obstruct government approval of the merger. TD Bank is the 10th-largest commercial bank in the U.S., with 1,100 ...
They were convicted on 14 counts of racketeering, wire fraud, money laundering, and Truth In Lending Act offenses on October 13, 2017. [ 17 ] [ 18 ] [ 1 ] In September 2018 the Federal Trade Commission began issuing almost 1.2 million checks totaling more than $505 million to victims of Tucker's payday lending scheme.