The Racketeer Influenced and Corrupt Organizations Act (RICO) closed a loophole which enabled crime bosses to get away with murder by merely ordering, or even suggesting, for crimes to happen. Despite the difficulty in proving a RICO case, those who engage in such acts continue to blame the law for their own criminal actions. RICO has been used to ensure convictions against tobacco giants andMafia bosses. It is not an easy conviction, requiring an awful lot of paperwork, warrants, informants, etc. As discussed on Law and the Multiverse, a lighthearted look into the legalities of comic book characters, the difficulty in ensuring a RICO conviction is incredibly hard in the real world.
eToys Liquidation Or Con Game? One Man’s Fight To Make Sure Mitt Romney Pays For His Crime.
Stephen “Laser” Haas operates Collateral Logistics Inc. (CLI) a company which was appointed to oversee the liquidation of assets in the bankruptcy of eToys in 2001. He has now filed suit against Mitt Romney along with his company Bain Capital, Goldman Sachs, and several other firms, over actions taken in the eToys bankruptcy which manipulated the sale price, costing the companies shareholders millions. A US Judge confirmed the details of the case back in 2005, but under the Bush administration enforcement of these laws was lackluster at best. Bain Capital has already found itself in hot water over similar price-fixing scandals, but this case comes with paperwork implicating the one time GOP presidential nominee of price manipulation.