Sheik indictment raises questions; why didn't federal prosecutors charge him under RICO?
Article Abstract:
Lawyers are puzzled that Sheik Omar Abdel Rahman, a ringleader in the 1993 World Trade Center bombing, was charged under the seditious conspiracy rather than the RICO law. The reason probably lies in two 1983 cases in the US Court of Appeals for the 2d Circuit. The court ruled in one case that a RICO charge was appropriate for a terrorist plot involving extortion, while the other was held unsuitable for a RICO charge because there was no economic component. Thus, the World Trade Center case was probably deemed to lack enough of an economic component to satisfy the RICO test in the 2d Circuit.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
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Court spurns extension of privilege; in audit, third-party talks not protected from IRS
Article Abstract:
The US Court of Appeals for the 2d Circuit has ruled that the attorney-client privilege provides no protection for attorney-investment banker conversations when the attorney had these talks to provide better advice to a client about a proposed deal. This ruling enabled IRS lawyers to question David A Ackert, an investment banker at Goldman Sachs & Co about 1989 conversations with tax counsel for Paramount Communications Inc. Attorneys must remember how narrow the attorney-client privilege is in a corporate setting.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1999
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Case to clarify insider trading?
Article Abstract:
The burden of proof for an insider trading conviction may be clarified by the 2d Circuit in United States v Teicher. The question is whether trading based on the inside information has to take place or whether mere possession of such information is a crime. Victor Teicher is an arbitrageur appealing his securities fraud conviction for tips obtained in the mid-1980s from a Wall Street ring.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
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