Should the Wall Street “Perps” Be Prosecuted as Racketeers Under the RICO Statute?
The Racketeer Influenced and Corrupt Organizations Act (“RICO”) seems to have something to say about what all of these geniuses on Wall Street got away with for so many years: http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act Two nights ago Anderson Cooper 360 on CNN started to identify the “10 Most Wanted” from the Wall Street mess. They’ll give us 1 each night for 10 days. In three nights they have so far pointed a finger at: Joe Cassano of AIG Richard Fuld of Lehman and Christopher Cox of the SEC I’m sure there are literally regiments of CEOs, COOs, CFOs, Vice Presidents, managers, staffers, lobbyists, and public officials at every level, who have contributed to the criminal enterprise currently bringing down the global financial system. We probably have to wait for a new Administration to bring in the fresh talent to prosecute all of the malfeasance, regardless of party. It would be interesting to be the U.S. Attorney in Manhattan! Take a look at the l
Related Questions
- Because Congress did not subject civil RICO claims to a statute of limitations, is it true that a civil RICO claim cannot be barred by a statute of limitations defense?
- Am I correct in assuming that RICOs statute of limitations cannot bar a civil RICO claim so long as the defendant continues to engage in acts of racketeering?
- What Is the Rico Statute?
