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EarnestDD

08/24/10 12:00 PM

#85811 RE: Castell #85810

IF IF IF ... tell you what ... here is an easy one.

Tell Gene to UNGAG the Transfer Agent.
jmo
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Brad S

08/24/10 3:56 PM

#85817 RE: Castell #85810

Federal Rico laws that can and probably come into play in the case.

Whens the last time you seen the DOJ use RICO to prosecute a securities case?
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EarnestDD

08/24/10 3:58 PM

#85818 RE: Castell #85810

Sorry ... Massive Dilution by RCCH does not constitute RICO.
lolol
jmo
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ghcnj

08/24/10 5:52 PM

#85829 RE: Castell #85810

I also believe RCCH has the goods or Lux and Essman would never have come on board. Like the PR on the RCCH website said...RCC will be seeking maximum penalties for any and all improper actions against the company, including but not limited to defamation, improper interference with business relations and manipulation of its stock price..... I was just reading up on RICO charges and I sure wouldn't want to get caught up in anything like that if RCCH were to go that route.

http://www.rccholdings.com/index.php?option=com_content&task=view&id=52&Itemid=8
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ghcnj

08/24/10 6:12 PM

#85834 RE: Castell #85810

Like I said if RCCH does that...WOW. Read up on it. Very interesting. In part....

In the 1980's, however, civil lawyers noticed section 1964(c) of the RICO Act, which allows civil claims to be brought by any person injured in their business or property by reason of a RICO violation. Any person who succeeded in establishing a civil RICO claim would automatically receive judgment in the amount of three times their actual damages and would be awarded their costs and attorneys' fees. The financial windfall available under RICO inspired the creativity of lawyers across the nation, and by the late 1980's, RICO was a (if not the most) commonly asserted claim in federal court.

Given the breadth of activities that had historically been criminally prosecuted under the mail and wire fraud statutes, it was not difficult for creative civil attorneys to depict practically any wrongdoing as mail or wire fraud. (Could this include Internet activity ???)

Today, RICO is almost never applied to the Mafia. Instead, it is applied to individuals, businesses, political protest groups, and terrorist organizations. In short, a RICO claim can arise in almost any context.