AJ 025 Lecture Notes - Lecture 31: Treble Damages, Model Penal Code, Grievous Bodily Harm
4 Oct 2020
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Document Summary
Organized crime: operates illegitimately by, among other things, providing illegal goods and services. Traditional markets were gambling, prostitution, illegal narcotics, loan sharking, counterfeiting and credit-card scams. Money laundering: engaging in financial transactions to conceal the identity, source or destination of illegally gained funds. Banks and other financial institutions are required to report currency transactions involving more than ,000. Wrongdoers and racketeers launder their dirty money to make it clean by passing it through a legitimate business. The racketeer influenced and corrupt organizations act (1970): enacted to curb the entry of organized crime into the legitimate business world. Broad language allows it to be applied in cases that have little or nothing to do with organized crime. Incorporates by reference 26 separate types of federal crimes and 9 types of state felonies. If a person commits two of these offenses guilty of racketeering activity. Guilty: up to ,000 per violation, imprisonment for up to 20 years, or both.
