My understanding is that the syndcate would be committing an act of extortion.
Under the RICO Act, IF the politician conspired with the syndcate or had something like an 'understanding' with the syndcate then they (any and all involved) could also be charged with the crime (extortion), racketeering and conspiracy.
Additional crimes/laws to consider:
The crime of conspiracy requires an agreement between two or more persons to commit an unlawful act with the intention of carrying it out. It is the intention to carry out the crime which constitutes the necessary mens rea for the offence: Yip Chiu-Cheung v R (1994) 99 Cr App R 406 at 410, per Lord Griffiths; R v Wilson (unrep, 12/08/94, NSWCCA).
Bankruptcy discharges debts, so the debtor effectively no longer owes the money.
But bankruptcy remains on the debtor's credit record, and a prospective creditor (here, Ford Credit) can consider the prior bankruptcy in deciding whether to grant or refuse credit. This has at least two aspects:
A customer who has declared bankruptcy is less attractive than ...
A bankruptcy discharges your debt and that bankruptcy goes on your credit report. Now, under the "Fair Credit Reporting Act" (FCRA), that information may only stay on your record up to 10 years (in the case of a bankruptcy, 7 for most other things). After 10 years the negative marks fall off of your credit report.
However FCRA only applies to ...