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Author Question: Explain the Racketeer Influenced and Corrupt Organizations (RICO) ... (Read 55 times)

Kikoku

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on: Jun 24, 2018
Explain the Racketeer Influenced and Corrupt Organizations (RICO) Act.

Question 2

Explain the changes Sarbanes-Oxley made to criminal laws.


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amy.lauersdorf90

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Designed to curb organized crime activity.
Requires a pattern of racketeering activity which is defined as the commission of at least two racketeering acts within a 10 year period.

Racketeering acts include murder, kidnapping, gambling, arson, robbery, bribery, extortion, dealing in pornography or narcotics, counterfeiting, embezzlement of pension, union or welfare funds, mail fraud, wire fraud, obstruction of justice or criminal investigation, interstate transportation of stolen goods, white slavery, fraid in the sale of securities, and other acts related to the Currency and Foreign Transactions Reporting Act.

Answer to Question 2

Additional penalties for white collar crimes.
New crimes, including financial certification fraud.

New sentencing guidelines and new requirements for programs and carrots-and-sticks.

New records retention requirements.

More expansive standards for obstruction of justice conduct and greater penalties.


Kikoku

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Reply 2 on: Jun 24, 2018
Gracias!

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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