2 ms·
There's no need to pierce the corporate veil - RICO charges are against the individuals involved, not the corporation. Their personal assets can be seized even
by paulsutter 13y ago
There's no need to pierce the corporate veil - RICO charges are against the individuals involved, not the corporation. Their personal assets can be seized even prior to prosecution. It's a brutal law and this is a wonderful way to apply it.
From http://en.m.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act http://en.m.wikipedia.org/wiki/Racketeer_Influenced_and_Corr...
"The RICO Act focuses specifically on racketeering, and it allows the leaders of a syndicate to be tried for the crimes which they ordered others to do or assisted them, closing a perceived loophole that allowed someone who told a man to, for example, murder, to be exempt from the trial because he did not actually commit the crime personally."
For example in the case that a corporation commits the covered crimes, such as extortion, the individuals driving the actions are subject to RICO prosecution.
The penalties are brutal, it's fantastic for trolls:
http://www.law.cornell.edu/uscode/text/18/1963 http://www.law.cornell.edu/uscode/text/18/1963
- ChuckMcM 13y agoAnd once you start forfeiting the troll's assets right out from under their noses, well that is really going to leave a mark.
- huhtenberg 13y ago> The penalties are brutal And, regretfully, it's likely the reason why RICO won't be applied against patent trolls.