They can also file federal racketeering charges under RICO (the Racketeer Influenced and Corrupt Organizations Act), especially in cases involving large-scale mortgage fraud schemes.(18 U.S.C. §§ 1014, 1341, 1343, 1349 (2024).)Loan application fraud statutes carry up to 30 years of prison time and $1,000,000 in fines.

It really feels like they have a racket going on,getting an out of town inspection team to find lots of things wrongwith brand new perfectly working items, then saying that everythingneeds to be replaced.

I can tell you, it is a racket and it is very hard to do for consistent profit. 

Key AccusationsConsumer Fraud & Racketeering: Defendants allegedly preyed on distressed homeowners using deceptive tactics."

_________Conviction and prisonMinkow and ten other ZZZZ Best insiders were indicted by a federal grand jury in January 1988 on fifty-four counts of racketeering, securities fraud, money laundering, embezzlement, mail fraud, tax evasion and bank fraud.

What a racket that is!   

His fake world is falling apart though, isn’t it Dutch, as multiple regulators, FL AG, Sexton suing him for Racketeering…it’s all over.

With the current state of the economy, now is not the time to depend on SOI alone.Otherwise, you'll be at a bar one day for happy hour at this job you don't like saying:"Oh, I tried that real estate thing, it's a tough racket."

Damn man, real estate is a tough racket.

IMO that puts you at a massive disadvantage and it's basically a racket.