Source: https://ricolawyer.org/tag/mortgage-fraud-and-rico/
Timestamp: 2019-04-18 17:14:59+00:00

Document:
This case involved the continuing requirement in RICO cases.
Sav. & Loan, 660 F.Supp. 717, 727 (D.Md.1987).
1986. See 1986 Md.Laws, ch. 11-12.
Fund (MDIF), to replace the ruined MSSIC.
and defining structure and powers of MDIF).
proceedings for insolvent savings and loan associations.
See Md.Fin.Inst.Code Ann. §§ 9-701 to 9-712.
§ 9-710. Jurisdiction of circuit court.
other than the conservator or receiver.
interest of all First Maryland accounts as of that date.
No appeal was taken from that order.
waste, and conversion. MDIF v. Seidel, No.
First Maryland and other insolvent thrifts. MDIF v.
Hogg, No. 113102 (Cir.Ct. Anne Arundel Co.).
in First Maryland assets to the institution’s depositors.
their tenure at MSSIC (collectively, the MSSIC defendants).
the class consists of more than 22,000 individuals.
counts assert a number of pendent state claims.
defendants should be dismissed under Fed.R.Civ.P.
deference to the ongoing state receivership proceedings.
conclusion by a somewhat different route.
and cognizable injury to plaintiffs was not.
advanced but not considered in trial court).
of the civil RICO claim.
activity within ten years of each other. See 18 U.S.C.
§ 1961(5). In Sedima, SPRL v. Imrex Co., 473 U.S.
sufficient. Id. at 496 n. 14, 105 S.Ct. at 3285 n. 14.
of subsections (a), (b), or (c) of this section.
Inc., 831 F.2d 488 (4th Cir.1987); HMK Corp. v.
Walk, 847 F.2d at 1106; Zepkin, 812 F.2d at 155.
and value of the insurance offered by MSSIC.
offenses under the RICO statute.
as defined in Sedima and [Zepkin ].” Id. at 727.
group of victims in connection with a single transaction.
economic gain, until the defendants were caught.
this assumption requires, to the causation question.
of the civil RICO plaintiff’s prima facie case.
is not at all clear from the pleadings themselves.
activity. See Nodine, 819 F.2d at 349.
to serve as the basis for a predicate act of fraud.
response to the state’s first savings and loan crisis.
the basis for predicate acts of mail and wire fraud.
fraud within the meaning of § 1964(c).
RICO, leaving only a cause-in-fact requirement.
antitrust injury, see Brunswick Corp. v.
U.S. at 497, n. 15, 105 S.Ct. at 3285, n. 15.
Our inquiry proceeds within those bounds.
of § 1962.” 18 U.S.C. § 1964(c).
negligent or reckless failure to prevent those depredations.
of MSSIC’s officers and directors.
pendent state claims against those defendants as well.
S.Ct. 1130, 1139, 16 L.Ed.2d 218 (1966).
court’s order of dismissal is affirmed.

References: § 9
 v. 
 v.

§ 1961
 v. 
 v.

 § 1964
 v.

 § 1962
 § 1964