Asked by Yolanda Albino on May 09, 2024
Verified
It is not a crime to use income obtained from racketeering activity to buy an interest in a legitimate enterprise as long as the deal is otherwise legal.
Racketeering Activity
Illegal activities carried out as part of an organized crime operation, often involving extortion or fraud.
Legitimate Enterprise
A business or organization that is conducted lawfully and with genuine intentions.
Otherwise Legal
Pertaining to actions or conditions that are permitted or recognized by law, except for specific exclusions or conditions.
- Distinguish among different categories of cybercrime and have an understanding of the specific acts classified as cyber theft and cyber fraud.
Verified Answer
BR
brittany reneeMay 12, 2024
Final Answer :
False
Explanation :
Using income obtained from racketeering activity to buy an interest in a legitimate enterprise is considered money laundering and is illegal under various laws, including the Racketeer Influenced and Corrupt Organizations Act (RICO) in the United States.
Learning Objectives
- Distinguish among different categories of cybercrime and have an understanding of the specific acts classified as cyber theft and cyber fraud.