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Articles Tagged with RICO

The feds arrested the alleged leader of the Black Disciples gang, Darnell “Murder” McMiller. The Black Disciples are believed to be involved in gun and drug trafficking and are one of the major players on Chicago’s south side. 

These arrests come amid Trump initiatives to send federal officers into major cities, all democratic strongholds. Trump and Mayor Lori Lightfoot, who initially opposed the move, came to an agreement. Trump appears to be interested in helping these democratic cities fight violent crime. However, his tactics have garnered nationwide condemnation in Portland, where allegedly plainclothes DHS officers grabbed people off the streets and took them to federal facilities without filing charges. 

Most of the Portland mission seemed geared toward protecting the federal courthouse that had been vandalized by protesters over the course of several nights. This, however, appears geared toward reducing some of the violence in the most troubled parts of Chicago.

aidan-bartos-313782-copy-300x200JPMorgan executives tasked with managing the bank’s precious metal investing are now the target of an extremely aggressive investigation in which some of these executives are being charged under RICO. Federal prosecutors agreed that the move was aggressive and rarely used in banking conspiracy cases, but also noted that the alleged price-fixing and racketeering occurred over eight years. JPMorgan pleaded guilty to price-fixing and the major players, at least the ones who were caught, now face serious criminal charges.

Prosecutors also allege that Michael Nowak, the main player in the federal investigation, ripped off market participants and clients in order to control the prices of gold, platinum, silver, and palladium. Two other traders were charged, as well.

Spoofing

aidan-bartos-313782-copy-300x200Various crimes happen every day in Chicago, Illinois. Citizens caught violating the law, will, of course, be charged. Depending on the crime and circumstances, some may face minor charges, while others will face more serious charges. One of the crimes that takes years to clear in Chicago is racketeering.

What is Racketeering?

Racketeering is organized crime in which illegal business takes place. Rackets may refer to illegal businesses or dishonest services offered to steal and collect funds. This form of crime runs various groups assigned in different places to maintain profits for the business. This group of criminals may even use fake products and documents. They know how to get your trust and sympathy. They can even look like an innocent individuals. They are often heard about through community news reports.

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