Word: streets
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Dates: during 1980-1989
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...their car neared the river on Eureka Avenue in Wyandotte, a Detroit suburb, DeLisle complained of leg cramps. He backed the car away from the street's dead end, stopped to buy some crackers and said he felt better. Shortly before 9:20 p.m., he drove toward the river again. Suddenly DeLisle felt a cramp in his right leg, which stiffened, jamming his foot against the accelerator. As he tried to hit the brake with his left foot, his shoe wedged between the pedal and the accelerator. Frantically, Suzanne grabbed for the ignition key and gearshift to stop the speeding...
Recently, few have felt the sting of RICO as much as the denizens of Wall Street. Federal prosecutors have used the law to go after big names like former junk-bond maestro Michael Milken, who is expected to be tried early next year on charges involving securities fraud. Two weeks ago, several executives of Princeton/Newport Partners were convicted for their roles in illegal stock-trading schemes. Two days later, the Justice Department indicted 46 traders at the Chicago Board of Trade and the Mercantile Exchange, 18 of them on RICO charges. And just last week the law was used...
...million in penalties. Equally troubling to RICO targets is the law's ability to seize temporarily the assets of an accused before a trial begins -- even funds that would be used to pay a defense attorney. "Suddenly, there are a lot of born-again civil libertarians on Wall Street," says Michael Waldman, legislative director for Public Citizen Congress Watch...
CAPTION: WALL STREET STYLE, THEN...
Designed to go after mobsters, the catchall federal RICO law is being used to track down racketeers from Main Street to Wall Street...