4 ms·

SBF was charged with RICO https://www.cnn.com/2022/12/13/business/sam-bankman-fried-charges/index.html https://www.cnn.com/2022/12/13/business/sam-bankman-fried

by nickff 3y ago

SBF was charged with RICO https://www.cnn.com/2022/12/13/business/sam-bankman-fried-charges/index.html https://www.cnn.com/2022/12/13/business/sam-bankman-fried-ch... I am not sure how his parents would have committed a RICO offense, especially because they haven't even been charged with precursor offenses.

ethbr1 3y ago
The criminal charges were under 18 USC 1956 (among others), but not RICO charges? https://www.law.cornell.edu/uscode/text/18/part-I https://www.law.cornell.edu/uscode/text/18/part-I There's apparently a class action suit that does allege RICO offenses against SBF and co-conspirators (i.e. celebrity endorsements), but believe those are state civil charges? To me, the RICO charges against the parents would be a pattern of participation-in and driving business-to a criminal enterprise. They, and the celebrity endorsements, were key enablers in the scheme.