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Can you summarize 18 USC 1955?
RACKETEERING > Prohibition of illegal gambling businesses
Short Summary
This legal document, found in the United States Code under the Crimes and Criminal Procedure section, prohibits illegal gambling businesses. It applies to any person who conducts, finances, manages, supervises, directs, or owns all or part of such a business. An illegal gambling business is defined as a gambling business that violates state or local laws, involves five or more individuals who are involved in conducting, financing, managing, supervising, directing, or owning the business, and operates continuously for more than thirty days or has a gross revenue of $2,000 in a single day. If five or more persons are involved in the gambling business and it operates for two or more successive days, probable cause for warrants and arrests can be established if the business receives gross revenue exceeding $2,000 in a single day. Any property, including money, used in violation of this section can be seized and forfeited to the United States. There are exemptions for certain activities such as bingo games, lotteries, or similar games of chance conducted by tax-exempt organizations, as long as the gross receipts do not benefit private individuals, and savings promotion raffles. Violators of this prohibition may face fines, imprisonment, or both.
Whom does it apply to?
Any person who conducts, finances, manages, supervises, directs, or owns all or part of an illegal gambling business
What does it govern?
Prohibition of illegal gambling businesses
What are exemptions?
1) bingo games, lotteries, or similar games of chance conducted by tax-exempt organizations if no part of the gross receipts benefits any private shareholder, member, or employee except for actual expenses; 2) savings promotion raffles
What are the Penalties?
Fine under this title or imprisonment for not more than five years, or both
Jurisdiction
U.S. Federal Government