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RICO cases are limited to a small number of serious crimes, like kidnapping, extortion, arson, drug trafficking, and so on. They don't cover breaking insurance
by apsec112 11y ago
RICO cases are limited to a small number of serious crimes, like kidnapping, extortion, arson, drug trafficking, and so on. They don't cover breaking insurance regulations.
https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act#RICO_predicate_offenses https://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corru...
- dragonwriter 11y ago> RICO cases are limited to a small number of serious crimes, like kidnapping, extortion, arson, drug trafficking, and so on. Mail and wire fraud, which can include pretty much any knowing misrepresentation for commercial gain using the covered media, are among the predicate acts for RICO, along with the offenses you list. So, it may not be as far out as you seem to think to imagine RICO applying.
- gertef 11y agofraud?
- thomasjudge 11y agoIntentionally dishonest or not completely honest -> "intent to defraud" + computer = "Wire Fraud" ianal
- greenyoda 11y ago"kidnapping, extortion, arson, drug trafficking, ..." Interestingly, "criminal copyright infringement" also somehow got on the list of RICO predicate offenses. Guess someone had a good lobbyist...
- nostrademons 11y agoAlso, apparently holding Magic: The Gathering tournaments where ante is allowed falls under RICO. Sponsoring underage gambling. I recall that being used as the reason why none of the major tournaments used the ante rule - they were all afraid of being prosecuted as racketeers.
- tedmiston 11y agoI took the parent comment as a RICO case metaphorically. There are quite a few interesting undeveloped analogies across the greater hip hop industry vs. startups.