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Post by imSINGLEruRICH on Mar 22, 2007 12:44:10 GMT -5
from Paltalk....UCROCKS.........  RACE RUMORS.....coming out of a shareholder meeting in San Antonio TX.... ( the triple damages they talk about refer to RICO Charges..)Remember take all rumors with a grain of salt until proven !!  new rumor: I JUST HEARD THAT CMKX FILED THE INTERPLEAD AND IT WAS KICKED BACK TO US FOR MORE WORK. IT WAS REFILED AND ACCEPTED AND SIGNED! THEN CMKX FILED WHAT IS CALLED THE RICO ACT. THIS IS VERY BIG. THE RICO ACT IS LEGISLATION AND LAW THAT CAME FROM THE OLD MAFIA DAYS WHERE MAFIA TRIED TO CONTROL BUSINESS'S. ALSO CMKX FILED FOR TRIPLE DAMAGES. THIS HAS NEVER BEEN DONE BY A STOCK BEFORE! THIS INFO CAME OUT OF THE SHAREHOLDER MEETING IN SANANTONE TEXAS TONIGHT. WITH KOOL AND DELI AND OTHERS. THIS IS THE MOST SENSIBLE THING I'VE HEARD OF WHAT COULD BE GOING ON!
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Post by eastcoastswing on Mar 22, 2007 13:00:07 GMT -5
Any idea of what this means in terms of timing? I know no one really knows but days or weeks now? Maybe 7 - 10 days again? :X
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Post by rover on Mar 22, 2007 13:00:59 GMT -5
SOON!!!!!!
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Post by eastcoastswing on Mar 22, 2007 13:11:15 GMT -5
Sweet!!! Bring it on!!!
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Post by imSINGLEruRICH on Mar 22, 2007 13:50:45 GMT -5
lol lol......... heed the warning !! This is a RUMOR !!!the only reason I gave it it's own thread is because I thought it was funny that we wound up back at the begining of how we used to get news!!... Oh those were the days ...."Weekend Race RUMORS"......when EVERYONE was still excited !! We were still happy, young, energetic, and slim !! (tsk..Tsk) Single |
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Post by Catdaddy on Mar 22, 2007 13:53:13 GMT -5
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mgpaul
Diamond Finder
Posts: 87
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Post by mgpaul on Mar 22, 2007 15:10:50 GMT -5
Kinda like Ground Hog Day with Bill Murray
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Post by MannyFin on Mar 22, 2007 15:15:03 GMT -5
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Post by Catdaddy on Mar 22, 2007 15:25:01 GMT -5
:oI am just fed up with the whole thing, rumors, he says she says, acca says, phynxgold says, this one says, that one says, I SAY WE GET SOME OF THE BOYS AND START GIVIN SOME GOOD OL' ASSWHIPIN, the only problem is, is who's arse do we whip  An asswhipin?! Hell, Manny, you're too old and fat to whip anybody's ass, but maybe if the two of us teamed up...who knows, right? Later ole man. Catdaddy |
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Post by imSINGLEruRICH on Mar 25, 2007 20:18:09 GMT -5
blu1236
Diamond Driller
RICO
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.
The purpose of this website is to simplify this very complicated area of the law and to articulate and make more predictable the legal standards that govern such claims.
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