MONEY BUZZ Blog Report: BIG BANKS AS RICO’S, By Ambassador Mo
Could banks be prosecuted under the US Racketeer Influenced and Corrupt Organizations Act (RICO)? The evidence & admission of rigging the LIBOR rate (London Interbank Offered Rate) among some of globe‚Äôs biggest banks has already caused heavy fines, regulatory reprimands & resignations, most notably at London based Barclays. A criminal investigation apparently is underway. –More–