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It is interesting that we can use RICO go to after mob bosses even when they have layers and layers of indirection to protect them. But with CEOs it seems RICO
by blue039 4y ago
It is interesting that we can use RICO go to after mob bosses even when they have layers and layers of indirection to protect them.
But with CEOs it seems RICO doesn't apply.
- ticviking 4y agoCEOs generally aren’t racketeering so they can’t usually be hit with that
- blue039 4y agoThe main driver of RICO, however, wasn't to stop racketeering. It provided the provisions for the FBI to pursue mob bosses for hits they ordered. Prior to RICO it was very difficult to throw a mob boss in jail for such things. All we need to do is extract that portion of the bill. However, I suspect the answer is like usual. Congress does not represent the people and their corporate owners would not be pleased. Larry Fink would probably have a millenia worth of consecutive life sentences alone. We might spur innovation in healthcare technology just making him serve the time he owes.
- ydlr 4y agoThe reason for that is there are only a tiny number of crimes that qualify as RICO predicates. We need to expand RICO to include more types of criminal activity.