RICO Claim Against Wells Fargo For Foreclosure Action Tossed By Magistrate Judge

(June 23, 2023, 11:42 AM EDT) -- NEW YORK — A federal magistrate judge in New York recommended that a complaint alleging that a lender violated the Racketeer Influenced and Corrupt Organizations Act (RICO) by engaging in a racketeering scheme during a mortgage foreclosure action be dismissed for failure to state a claim....