The Racketeer Influenced and Corrupt Organizations Act, commonly referred to as the RICO Act or simply RICO, is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization.
A federal racketeering lawsuit by hundreds of residents in Flint is alleging the city’s two-year water crisis was the result of an “intentional scheme” crafted by state officials and Michigan's Governor Rick Snyder to balance the city’s budget.
Here's an excerpt from a press release announcing the civil legal action:
“The lawsuit alleges that officials misrepresented the suitability of the Flint River water as the city's drinking water source for roughly two years and billed Flint residents at rates that were the highest in the nation for water that was unusable, resulting in the city's budget deficit being reversed.”
So how is that any different from what transpired among the inner circle at the Grand Traverse Academy board of directors and Steven Ingersoll?
Replace the previous statement with this:
“The lawsuit alleges that officials misrepresented the financial viability of the Grand Traverse Academy for roughly three years and caused Michigan residents to be defrauded of millions of dollars, resulting in a massive budget deficit and the write-off of a multi-million dollar amount.”
Anybody know a good attorney?
