I don't believe that RICO applies. Doesn't conviction under RICO require that the defendant have taken part in some overt criminal act?
Unless the Federal Government enacts provisions requiring that financial institutions implement some minimal degree of protection for these financial records, which would have to be spelled out in the statute or in some accompanying implementing regulations, a criminal prosecution seems unlikely. On the other hand, a class action lawsuit could have the desired effect. Unfortunately, it would also further enrich the Trial Lawyers. John P Baker Software Engineer -----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Paul Hanrahan Sent: Wednesday, June 08, 2005 08:34 To: IBM-MAIN@BAMA.UA.EDU Subject: Re: Banks Bill, I wonder if some astute lawyer will file under the RICO laws or possibly a class action suit. I.T. risk assessment and security have got to be some of the hotest areas IBM could get involved in from both a services and software products perspective. Paul Hanrahan ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
