Manhattan District Attorney Cy Vance could be considering a criminal charge that former President Donald Trump’s business empire was a corrupt enterprise under a New York law resembling the federal racketeering statute known as RICO, former prosecutors and defense attorneys said.
New York’s enterprise corruption statute — which carries the potential for severe penalties — can be applied to money-making businesses alleged to have repeatedly engaged in criminal activity as a way to boost their bottom line.
The state law — sometimes called “little RICO” — can be invoked with proof of as few as three crimes involving a business or other enterprise and can carry a prison term of up to 25 years, along with a mandatory minimum of one to three years.
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— Josh Gerstein (@joshgerstein) May 28, 2021