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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Kurthend who wrote (81392)11/18/2000 7:13:27 PM
From: bosquedog  Read Replies (2) | Respond to of 769670
 
Is there a difference between the RICO Act and the RICO Statue?

ricoact.com

In 1970, the RICO Act was passed by Congress as a powerful tool in the fight against organized crime. The RICO Act enables persons financially injured by a pattern of criminal activity to bring a RICO claim in state or federal court, and to obtain damages three times the amount of their actual harm, plus their attorneys fees and costs.

Since the mid-1980s, the RICO Act has been applied to circumstances originally believed by many to be beyond the scope of the Act. The RICO Act has not only been successfully used against members of the Mafia, but also against legitimate business persons, spouses in contested divorce cases, attorneys, bankers, accountants, and protest organizations, to name just a few, who have been surprised to find themselves a named defendant in a RICO case.


I often read about national CPA firms having RICO attempted to be applied to them because they did an audit of a company. I would be hard pressed to consider their activity a criminal enterprise.