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> The power to freeze assets helps keeps organized crime from using its vast resources to drown the feds in litigation Is this a real thing that happens? It s
by bcoates 14y ago
> The power to freeze assets helps keeps organized crime from using its vast resources to drown the feds in litigation
Is this a real thing that happens? It sounds like a movie plot.
- rprasad 14y agoIt happens all the time, in nearly every case involving wealthy defendants (and especially in cases between or involving corporations). It's the SOP for large-scale litigation firms; indeed, most litigation firms don't know how to practice law any other way.
- rayiner 14y agoYou have to understand the context a bit. The world in 2012 is a very different place than it was in 1970-1990. There wsa a huge crackdown on organized crime and gangs during this period, which leveraged tools like asset freezes and RICO. These tools have always skirted the boundaries of fairness, but were nonetheless instrumental in the massive decline in the power of organized crime in the U.S. over the last several decades.