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Cauble was convicted in January 1982 on ten counts: two counts of violating the Racketeer Influenced and Corrupt Organizations Act statute (RICO), conspiracy to violate RICO, three violations of the Interstate Commerce Travel Act, and four counts of misapplication of bank funds. He was sentenced to ten concurrent terms of five years.
Congress imposed a federal criminal penalty for unlawful interest rates through the Racketeer Influenced and Corrupt Organizations Act (RICO Statute), and its definition of "unlawful debt", which makes it a potential federal felony to lend money at an interest rate more than twice the local state usury rate and then try to collect that debt. [79]
The Georgia RICO (Racketeer Influenced and Corrupt Organizations) Act is a law in the U.S. state of Georgia that makes a form of racketeering a felony. [1] Originally passed on March 20, 1980, it is known for being broader than the corresponding federal law, such as not requiring a monetary profit to have been made via the action for it to be a crime.
The state law – which is commonly referred to as RICO – is similar to the federal version of the statute that targets so-called criminal enterprises. Georgia’s law allows prosecutors to pull ...
Congress passed the Racketeering Influenced and Corrupt Organizations (RICO) Act in 1970; more than 30 U.S. states, including Georgia, have passed their own versions in the years since.
Young Thug was initially indicted for conspiring to violate the RICO statute and participating in criminal street gang activity, and in a reindictment filed in August 2022, prosecutors charged him ...
The statutes most often used to prosecute public corruption are the Hobbs Act, Travel Act, RICO, the program bribery statute, and mail and wire fraud statutes. [ 2 ] These statutes have been upheld as exercises of Congress's Commerce Clause power, or in the case of the mail fraud and program bribery statutes, the Postal Clause and the Spending ...
United States v. Philip Morris USA, Inc. [1] was a case in which the United States District Court for the District of Columbia held several major tobacco companies liable for violations of the Racketeer Influenced and Corrupt Organization (RICO) Act [2] by engaging in numerous acts of fraud to further a conspiracy to deceive the American public about nicotine addiction and the health effects ...