FEDERAL CRIMINAL SANCTIONS FOR COMMITTING INTERNET INVESTMENT FRAUDThe Department of Justice (DOJ), through the Computer Crime and Intellectual Property Division of the Untied States Attorneys Office (CCIPS), has used a variety of federal statutes to prosecute Internet crimes. The majority of these statutes were enacted prior to the expansion of computer use, or they have been amended to enable federal prosecutors to use these statutes against computer crimes.
The following questions have been addressed in this article:When an Internet investment scam is prosecuted under the federal fraud statutes what are the range of penalties?
Are the penalties substantially different for prosecutions under the specific computer fraud statute?
Can Internet investment scams be prosecuted under the Racketeering and Corrupt Influences Act (RICO) and if so, what are the penalties?
What if the offender is also accused with laundering the proceeds of the Internet scam?
Are there potential civil penalties for Intent investment scams?