Which of the following would be in violation of RICO:
A) Investing in a bank with ties to foreign nationals
B) Investing in a dry cleaning business used to place funds derived from prostitution
C) Investing in a bank that caters to cash-only businesses
D) All of the above

Question

Which of the following would be in violation of RICO: 
A) Investing in a bank with ties to foreign nationals
B) Investing in a dry cleaning business used to place funds derived from prostitution
C) Investing in a bank that caters to cash-only businesses
D) All of the above

Quizplus · Accepted Answer

RICO (Racketeer Influenced and Corrupt Organizations Act) prohibits investing in any business or enterprise engaged in illegal activity, which would include investing in a dry cleaning business that is being used for prostitution. Investing in a bank with foreign national ties or one that caters to cash-only businesses is not illegal on its own and would not violate RICO.

Which of the Following Would Be in Violation of RICO