RICO business litigation
Penalties for criminal RICO cases are severe as a person can be imprisoned for 20 years and fined $25,000 for each racketeering act. Forfeiture of all assets and interests gained as a result of the racketeering activity is enforced. Note that the courts do not impose rigorous tracing of illegal income or gains; only a sufficient link between financial data and the enterprise.
Common racketeering acts in white collar RICO business litigation:
- Mail Fraud
- Wire Fraud
- Banking and finance tax
- Money Laundering
Even if a racketeering act is not proven, a RICO conspiracy can be claimed by the plaintiff’s lawyers. However, to win a RICO conspiracy lawsuit an overt act to advance the conspiracy must be proven.
RICO commonly includes elements of fraud:
- Injury to the plaintiff
- Plaintiff relied on defendant’s actions, misrepresentations, or omissions
- Defendant induced plaintiff by way of material misrepresentations or omissions
- Defendant believed or knew the misrepresentations were false
- Defendant made misrepresentations or omissions of material fact
Our best attorneys can talk to you about your legal options or concerns and how we can best help your business. Call the best civil attorneys in California now at 855-200-ATTY (855-200-2889). You can also email us using the contact form below.
Our experienced civil attorneys will speak to you right away and handle your legal issues promptly. WE ARE HERE 24 HOURS A DAY TO ANSWER YOUR QUESTIONS. Se Habla Español.