Which of the following is required to bring a civil action for securities fraud against a violator of RICO?
A)The accountant must not be a third-party independent contractor.
B)The defendant must first be criminally convicted in connection with the securities fraud.
C)The plaintiff must file the civil case before the government initiates a criminal action.
D)The defendant must first be tried for violation of Section 32(a)of the Securities Exchange Act of 1934.

Question

Quizplus · Accepted Answer

To bring a civil action for securities fraud under RICO (Racketeer Influenced and Corrupt Organizations Act), it is not a requirement for the defendant to first be criminally convicted in connection with the securities fraud. This choice is incorrect, reflecting a common misconception about the prerequisites for a civil RICO claim. Civil actions under RICO can proceed independently of criminal convictions.

Which of the Following Is Required to Bring a Civil