Good news from the New York Post, :
February 9, 2005 -- A top Middle Eastern bank is closing shop in New York and around the United States in the wake of allegations that it supports terrorism and administers a "life insurance" plan for Palestinian homicide bombers.In announcing the closures yesterday, the Jordan-based Arab Bank said it is part of a strategy "to focus operations on the Arab region and Europe."
But Arab Bank has increasingly come under fire over allegations that it funnels money to Palestinian terrorist groups, including Hamas and Islamic Jihad.
Don't let the door hit you in the ass on your way out!
*Yippie!*
The Bank's gonna focus on Arabia and Europe....Poor Europe...
good riddance and I hope all your depositors follow as well.
first step in throwing them all out of country.
Where are their RICO charges
In 1970, Congress passed the Racketeer Influenced and Corrupt Organizations (RICO) Act, Title 18, United States Code, Sections 1961-1968. At the time, Congress' goal was to eliminate the ill-affects of organized crime on the nation's economy. To put it bluntly, RICO was intended to destroy the Mafia.
Throughout the 1970's, RICO's intended purpose and its actual use ran parallel to each other. Seldom was RICO used outside of the context of the Mafia, and it is not an overstatement to say that civil claims under RICO were simply not brought.
In the 1980's, however, civil lawyers noticed section 1964(c) of the RICO Act, which allows civil claims to be brought by any person injured in their business or property by reason of a RICO violation. Any person who succeeded in establishing a civil RICO claim would automatically receive judgment in the amount of three times their actual damages and would be awarded their costs and attorneys' fees. The financial windfall available under RICO inspired the creativity of lawyers across the nation, and by the late 1980's, RICO was a (if not the most) commonly asserted claim in federal court. Everyone was trying to depict civil claims, such as common law fraud, product defect, and breach of contract as criminal wrongdoing, which would in turn enable the filing of a civil RICO action.
RICO's broad application was the result of Congress' inclusion of mail and wire fraud as two crimes upon which a RICO claim could be brought. Given the breadth of activities that had historically been criminally prosecuted under the mail and wire fraud statutes, it was not difficult for creative civil attorneys to depict practically any wrongdoing as mail or wire fraud.
During the 1990's, the federal courts, guided by the United States Supreme Court, engaged in a concerted effort to limit the scope of RICO in the civil context. As a result of this effort, civil litigants must jump many hurdles and avoid many pitfalls before they can expect the financial windfall available under RICO, and RICO has become one of the most complicated and unpredictable areas of the law.
Today, RICO is almost never applied to the Mafia. Instead, it is applied to individuals, businesses, political protest groups, and terrorist organizations. In short, a RICO claim can arise in almost any context.
Here in my world the feds use this against BIKERS trying to undermine them, they arrest BIKERS by the dozens using confidential fags who use drugs, sex with the ladies, criminal acts and whatever necessary to TRUMP UP CHARGES.
This my friends is unacceptable.
Hug a BIKER today.