Word: rico
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What are most RICO suits over? Shootings? Gambling? Drug syndicates? Nope. Try messy divorces, will disputes and labor actions...
EARLIER this month, the Supreme Court refused to hear the appeal of 26 Philadelphia anti-abortion protesters who were fined $108,000 under the federal Racketeering Influenced and Corrupt Organizations (RICO...
...RICO, put on the books in 1970, was aimed at organized crime--more specifically at Italian crime families known as the Mafia. Prosecutors were troubled that mobsters could keep running their businesses during criminal trials and even after convictions. Congress responded by passing powerful legislation permitting the seizure of "enterprises" that derive money from illegal activities. They also provided the extraordinary remedy of triple damages--meaning that courts could assess damages at three times the amount of injury actually suffered...
...mistake was allowing private parties to bring RICO suits. It works this way: You commit one illegal act. Then, anytime within 10 years, you commit another. Gotcha! RICO! See you in court...
...Rico Reyes...