Commercial Litigation and Arbitration

RICO — “Bankers Do Not Become Racketeers by Acting Like Bankers” (Good Quote)

Jones v. Liberty Bank and Trust Co., 461 Fed. Appx. 407 (5th Cir. 2012):

Racketeering activity is defined by reference to particular state and federal criminal offenses. See 18 U.S.C. § 1961(1). Jones's factual allegations, taken as true, indicate that (1) he was repeatedly deprived of access to federal and state financial assistance programs made available to speed hurricane recovery in Louisiana and (2) that one corporate defendant and its banking partners were able to obtain his property. Even if the defendants had the racial and political motives Jones alleges, Jones has failed to indicate that their actions fall within the definitions of any of the criminal offenses listed as predicates for a RICO case. See § 1961(1). Moreover, "[b]ankers do not become racketeers by acting like bankers." Sinclair v. Hawke, 314 F.3d 934, 943 (8th Cir. 2003) (internal quotation marks and citation omitted).

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