The RICO statute was applied in four of the convictions.
"It's just a new way to use the RICO statute to try to separate the mob from the unions."
At least 16 of the exchange members were charged with racketeering under the RICO statute.
- but unfortunately the RICO statute doesn't yet apply to the academic racket.
But the mob might be weakened now, even if the RICO statute had never been written.
Then the company will probably challenge whether the RICO statutes apply to a commercial dispute, he said.
Invoking the RICO statute in a commercial case is a risk an increasing number of companies have begun to take.
The suit is the first the government has filed against an entire industry using the RICO statute.
More accurately, I think they fall under the RICO statutes.
Under the RICO statute, the damages would be tripled to almost $23 million.