Ridesharing Services Uber and Lyft Charged with Racketeering by Cab Companies In Connecticut, two booming ridesharing services, Uber and Lyft, face charges of racketeering in a lawsuit filed by cab and livery companies, which allege that the two ridesharing services “prey parasitically” on established businesses. The Federal Racketeer Influenced and Corrupt Organizations Act (RICO) gives the government discretion to investigate and prosecute the operation of an illegal business or enterprise, including a fraudulent scam, for an individual or … [Read more...]