Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by jcranmer on Tuesday August 24, 2021 @04:30PM
(#28294598)
RICO requires as predicate acts other laws to be broken before it can even kick in. So if there's no fraud in the first place, then there can be no RICO.
More importantly, there's a specific sequence of connections between the original predicate acts of racketeering and the control of the enterprise that has to be established for it to happen. 18 USC §1962 has the gory details, but I just don't see how the CEO can possibly be guilty of RICO.
More importantly, there's a specific sequence of connections between the original predicate acts of racketeering and the control of the enterprise that has to be established for it to happen. 18 USC §1962 has the gory details, but I just don't see how the CEO can possibly be guilty of RICO.
As Ken White says, it's never RICO: https://www.popehat.com/2016/06/14/lawsplainer-its-not-rico-...