https://www.laborandemploymentlawcounsel.com/2016/12/higher-education-institutions-are-
beginning-to-get-an-education-in-the-fcpa/
Chapter 7-3 “Crimes Affecting Business” Explores RICO very lightly: The Racketeer Influenced and Corrupt Organizations Act (RICO) has certainly been in the news regarding our past president. So, it made me investigate the impact that RICO has in the real world and to also understand the twenty-six separate types of federal crimes and nine types of state felonies our textbook says RICO incorporates. The following link in Chapter 96 sections 1961-1968 on GovInfo, provides much clarity. https://www.govinfo.gov/app/details/USCODE-2010-title18/USCODE-2010-title18-partI-chap96-
sec1962/context
Have a look at some noteworthy case
1. Criminal Acts of the United States of America: In the case of United States v. Gotti (2002), the RICO Act
played a significant role in the conviction of mafia boss John Gotti for racketeering, which encompassed crimes related to organized crime such as extortion and murder. https://caselaw.findlaw.com/court/us-
2nd-circuit/1452392.html
2. Comprehensive Crimes List: - Take the Enron scandal as an example; RICO was utilized to combat white-collar crimes such as securities fraud. Executives at Enron were accused of perpetrating accounting
fraud and faced accusations brought by RICO. https://www.govinfo.gov/content/pkg/CHRG-
107shrg82282/html/CHRG-107shrg82282.htm
Consider the Wells Fargo affair, in which unauthorized account openings took place, a friend of mine was
one of their victims. This is an example of a business crime that falls under the RICO statute. By imposing fines, the Consumer Financial Protection Bureau (CFPB) demonstrated the role that RICO plays in combating business violations. https://www.justice.gov/usao-cdca/pr/wells-fargo-agrees-pay-3-billion-
resolve-criminal-and-civil-investigations-sales
Fourth, the impact on the real world: RICO was involved in the legal fights that the tobacco industry fought. RICO charges were brought against tobacco firms in the case United States v. Philip Morris (2006)
for engaging in deceptive marketing techniques that contributed to adverse effects on public health.
https://www.tobaccocontrollaws.org/litigation/decisions/united-states-v-philip-morris-usa-inc-et-al-7
