The Racketeer Influenced and Corrupt Organizations Act (RICO) is a federal law that was enacted in 1970 to combat organized crime. RICO allows prosecutors to charge individuals and businesses with racketeering if they engage in a pattern of racketeering activity, which is defined as two or more predicate acts of racketeering activity within a ten-year period //bitf.cc/
Predicate acts of racketeering activity include a wide range of crimes, such as:
- Murder
- Kidnapping
- Gambling
- Arson
- Robbery
- Bribery
- Extortion
- Mail fraud
- Wire fraud
- Securities fraud
RICO is a powerful tool against organized crime because it allows prosecutors to charge individuals and businesses with racketeering even if they have not been convicted of any of the underlying predicate acts of racketeering activity. RICO also allows prosecutors to seize the assets of individuals and businesses that are convicted of racketeering.
RICO has been used to prosecute a wide range of organized crime activities, including:
- Drug trafficking
- Money laundering
- Loan sharking
- Gambling
- Prostitution
- Racketeering in the workplace
RICO has also been used to prosecute corrupt politicians and business executives.
RICO is a complex law, and there are many legal issues that can arise in RICO cases. If you are facing RICO charges, it is important to consult with an experienced RICO lawyer.
Here are some of the benefits of RICO law:
- RICO is a powerful tool against organized crime. It allows prosecutors to charge individuals and businesses with racketeering even if they have not been convicted of any of the underlying predicate acts of racketeering activity.
- RICO also allows prosecutors to seize the assets of individuals and businesses that are convicted of racketeering.
- RICO has been used to prosecute a wide range of organized crime activities, including drug trafficking, money laundering, and loan sharking.
- RICO has also been used to prosecute corrupt politicians and business executives.