Set Forth What Is Prohibited by RICO and What Must

question 36

Essay

Set forth what is prohibited by RICO and what must be shown to establish a violation of the Wire and Mail Fraud Acts.Reference in what manner the U.S.Supreme Court has construed the term "fraud" in relation to the Wire and Mail Fraud Acts.
To establish mail fraud or wire fraud,the prosecutor must demonstrate (1)a scheme intended to defraud or to obtain money or property by fraudulent means and (2)the use of the mails or of interstate telephone lines in furtherance of the fraudulent scheme. The term "fraud" has been broadly construed by the U.S.Supreme Court to include everything designed to defraud by representations as to the past or present,or suggestions and promises as to the future.

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Definitions:

Binomial

A polynomial with exactly two terms.

\(x^6\)

A mathematical expression representing a variable, x, raised to the power of 6.

\(y^8\)

Represents y raised to the power of eight, a mathematical expression indicating repeated multiplication of y by itself 7 more times.

Pascal's Triangle

Pascal's Triangle is a triangular array of binomial coefficients, with each row constructing the coefficients of the expansions of a binomial raised to consecutive powers.