A Private Civil RICO Based on Securities Fraud Can Only

question 35

True/False

A private civil RICO based on securities fraud can only be brought once the defendant has been convicted for the crime.

---

Definitions:

Bond

A promissory note issued by a business or a governmental unit.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Offer Price

The price at which a seller is willing to sell a security or commodity.

Government Bonds

Are debt securities issued by a government to support its spending, typically considered a low-risk investment.