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I certainly don't claim the authority to determine if the Sherman Act applies in this case (or in fact any case). To summarize my earlier post the most interes
by cletus 16y ago
I certainly don't claim the authority to determine if the Sherman Act applies in this case (or in fact any case).
To summarize my earlier post the most interesting thing about this is that the FBI is leading an investigation on this (if the story is true and indeed "Angelgate" is the subject of that investigation). The FBI having jurisdiction raises all sorts of interesting questions.
The lesser point was that the FBI investigates racketeering and the RICO statutes have very broad application as written whether or not they've been used that way to date.
Take the Sotheby's/Christie's price-fixing case. That was a civil matter was it not? It bears some similarity to this (an important difference being that the auction houses were providing a service whereas the angels are investing, which legally speaking isn't quite the same thing).