Post No: 587662 April 24, 2014, 02:48AM
Guest wrote: 2 Replies

RICO Lose !!!!

Law360, New York (April 23, 2014, 9:40 PM ET) -- The former CEO of ValCom Inc. on Wednesday won a New Jersey federal judge's dismissal of racketeering charges in a suit, brought by the very entertainment company he founded, that accuses him and other top brass of scheming to defraud Valcom out of millions of shares.

U.S. District Court Judge William H. Walls said in his opinion that neither Vincent Vellardita nor his co-defendants, including his wife, Teresa Vellardita, could be held liable under the Racketeer Influenced and Corrupt Organizations Act, a federal statute used to.....

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