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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".
William J. Jefferson corruption case [35] Democrat: John Jenrette: House of Representatives: South Carolina 1980: Federal official bribery Abscam [36] Democrat: Thomas Francis Johnson: House of Representatives: Maryland 1963: Federal official conflict-of-interest and conspiracy to defraud the United States United States v. Johnson (1966) [37 ...
Racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a "racket") to repeatedly or consistently collect a profit. [1]
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 ...
In August of 2023, 61 people, including the Atlanta Solidarity Fund organizers, were indicted under Georgia’s anti-racketeering RICO law, typically used to prosecute gangs and organized crime ...
A former Florida-based TD Bank employee was arrested for his alleged role in a massive money-laundering scheme by drug cartels for which the US government previously fined the bank $3 billion.
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 ...
On 16 November 2015, Alejandro Burzaco, the former general manager and chairman of the board of Torneos y Competencias S.A., an Argentinian sports marketing company, pleaded guilty to racketeering conspiracy, wire fraud conspiracy and money laundering conspiracy. As part of his plea, Burzaco agreed to forfeit more than $21.6 million. [100]