9th Circ. Affirms Ex-Bank Of China Manager RICO Convictions

Law360, Washington (January 4, 2013, 2:42 PM EST) -- The Ninth Circuit decided Thursday to uphold the racketeering and money laundering convictions of two former Bank of China managers and their wives, saying foreign racketeering activity can justify U.S. convictions, but the same evidence can't be considered for restitution and sentencing.

While a lower court sentenced former managers Xu Chaofan and Xu Guojun to 25 years and 22 years in prison, respectively, and set down a stiff $482 million restitution sentence for the four Chinese nationals' Racketeer Influenced and Corrupt Organizations Act fraud convictions, the...
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