InventorEd, Inc. Presents:

Resources About RICO
Racketeer Influenced and Corrupt Organizations Act

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We are listing resources about RICO because we believe that the way invention promoters operate is actionable under RICO statutes. In fact, NIFC brought a RICO action against Invention Submission Corporation and numerous other companies and individuals who play a role in the invention promotion business but ran out of money, settling the case (It was dismissed as part of the settlement).  In addition, there is considerable circumstantial evidence that there has been collusion among companies to avoid paying inventors royalties and that if such collusion is occurring it may make them subject to RICO actions.

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Lemelson, American Inventor White Knight
Vs Mitsubishi

This case was interesting because Mitsubishi claimed that MR. Lemelson's enforcement of his patent rights was actionable under RICO statutes. Mr. Lemelson prevailed over Mitsubishi's RICO argument and the case was settled, but the attorney who represented Mitsubishi had to offer a retraction for libelous comments.

Related Document: Michael J. Keller Libels Jerome H. Lemelson

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LINKS:

US Code : Title 18, Chapter 96
RICO, the Racketeer Influenced and Corrupt
Racketeer Influenced and Corrupt Organizations
RICO List of articles by NAIC Research Library

More information via a GOOGLE search.

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