Re:Why didn’t any Wall Street CEOs go to jail after the fina...
by jcranmer on Tuesday August 24, 2021 @04:35PM
(#28294653)
> You’d need to prove that a “Wall Street CEO” told someone to commit mortgage fraud.
For it to be RICO, no you do not need to prove that. You need to prove more. You'd need to prove that the "Wall Street CEO" told someone to commit mortgage fraud, and then used the proceeds of that mortgage fraud to take control of an enterprise (which would presumably have to exclude the company of which he is CEO).
For it to be RICO, no you do not need to prove that. You need to prove more. You'd need to prove that the "Wall Street CEO" told someone to commit mortgage fraud, and then used the proceeds of that mortgage fraud to take control of an enterprise (which would presumably have to exclude the company of which he is CEO).
(https://www.law.cornell.edu/uscode/text/18/1962, for reference)