search query: @indexterm economic crime / total: 54
reference: 33 / 54
| Author: | Maurer, V. G. |
| Title: | The continuing expansion of RICO in business litigation |
| Journal: | Business Horizons
1990 : SEP-OCT, VOL. 33:5, p. 80-87 |
| Index terms: | LITIGATION ACCOUNTING ACCOUNTANTS FINANCIAL INSTITUTIONS CRIME ECONOMIC CRIME |
| Language: | eng |
| Abstract: | RICO (Racketeer Influenced and Corrupt Organisations Act) is an extraordinary weapon of the modern federal prosecutor and business plaintiff. RICO claims have been made against white-collar defendants such as securities firms, accounting firms, penny stock brokers, commodities traders, banks and insurance companies. It is made clear what is defined as unlawful activity pursued by any person in any enterprise. In addition, this statute prohibits use of income derived from a "pattern of racketeering" to acquire or operate an enterprise. Racketeering activity is defined, but RICO does not create distinct new crimes; it creates a federal case for prosecuting or suing people who engage in a pattern of criminal behaviour. |
SCIMA