Word: rico
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...done nothing wrong, so he refused to cut a deal. The Justice Department was irritated, to put it mildly. Far from having the IRS handle this as a regular tax case, or even as a criminal tax case, Justice brought the full force of the controversial racketeering statute, RICO, to bear. All this over a relatively small number of tax dollars...
...Government may have been right to take this terrible RICO blunderbuss and use it to scare the living daylights out of Wall Street, because Wall Street's level of greed and immorality in the '80s had reached a cyclical peak...
...Racketeer Influenced and Corrupt Organizations law of 1970 was aimed at mobsters and drug traffickers, but in recent years prosecutors have used the statute to go after white-collar criminals with gangbusting zeal. That application of RICO has been attacked as unfair, especially the practice of freezing the assets of suspected criminals before trial. Last week the Justice Department issued new RICO guidelines requiring that prosecutors seek a forfeiture of assets in proportion to the crime rather than try to seize all of a defendant's business interests. The changes come in response to pending congressional legislation that would weaken...
...July, Joseph Monticciolo, the former New York regional administrator for the Department of Housing and Urban Development, contended that D'Amato had repeatedly pressured him to approve housing projects. Many of them, HUD documents show, were in Puerto Rico, which the regional office administered. Last week HUD Secretary Jack Kemp decided to move Puerto Rico operations out of the New York region, which would put them beyond D'Amato's reach. D'Amato also helped gain HUD financing for work in his hometown on Long Island, where his brother Armand, a lawyer, profited from the closings on house sales. Armand...
Woody goes after that sound in two ways. First, by using a wide open mouthpiece and a very hard reed -- a Rico Royale No. 5 -- which provides a lot of volume but requires cast-iron lips to play. (Benny Goodman once borrowed Woody's clarinet for a sit-in and had to shave the reed down with a kitchen knife before he could get a toot out of it.) Second, by playing an Albert System clarinet -- an antiquated, wide-bore instrument based on a virtually obsolete fingering method. Why the Albert System? "Because all the guys I liked played...