RICO civil class action suit against Lebanon central banker and banks worrisome
Riad Salameh, Banque du Liban (BDL), six Lebanese commercial banks and three international accounting and audit firms with Lebanese affiliates have been named as defendants in a class action case filed earlier this month in the United States District Court of New Jersey by a group of US citizen plaintiffs who’s money is stuck in Lebanese banks. The case is the first to allege violation of the RICO Act of 1970 (the Racketeer Influenced and Corrupt Organizations Act) by claiming a conspiracy existed between the named banks (commercial bank conspirators) and BDL, a Lebanese government institution, in order to attract large sums of money from US citizens of Arab and Lebanese extraction before 2019 for the sole purpose of funding the Lebanese state and the purchase of food and medicines and other necessities after dollar remittances into the country began to dwindle in 2015. The court document goes into detail stating that bank staff using email and other electronic means of communicati