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The Racketeer Influenced and Corrupt Organizations (RICO) Act is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization.
RICO defines “racketeering activity” as any crime enumerated in subdivisions A–G of that subsection. The listed crimes are often referred to as “predicate acts,” since committing an enumerated crime is the foundation for a RICO offense.
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RICO imposes a maximum criminal penalty of 20 years in prison for violations of the statute. If sentenced the defendant must also forfeit all proceeds obtained while engaging in racketeering activity to the government. To be convicted under RICO, a pattern of racketeering activity is necessary.
In the United States today, the crimes and criminals involved in racketeering are punishable under the federal Racketeer Influenced and Corruption Organizations Act of 1970, known as the RICO Act.
Oct 10, 2011 · To convict a defendant under RICO, the government must prove that the defendant engaged in two or more instances of racketeering activity and that the defendant directly invested in, maintained an interest in, or participated in a criminal enterprise affecting interstate or foreign commerce.
The RICO Act, 18 U.S.C. §§ 1961–68, provides for criminal prosecution of racketeering activities as part of an ongoing criminal organization. As noted in its legislative history, RICO is designed to address the infiltration of legitimate enterprises by organized crime and other illegal ventures. 2. Some examples provided in the legislative
This chapter focuses on investigations and prosecutions involving RICO, (18 U.S.C. §§ 1961-1968), illegal gambling (18 U.S.C. §§ 1511 and 1955), loansharking (18 U.S.C. §§ 891-896), violent crimes in aid of racketeering (18 U.S.C. § 1959), and gambling ships (18 U.S.C. §§ 1081-1083). The Violent Crime and Racketeering Section of the ...
