RICO Law: What It Is and How It’s Used

RICO, or the Racketeer Influenced and Corrupt Organizations Act, is a federal law that was passed in 1970 to combat organized crime. RICO allows prosecutors to charge individuals and organizations with racketeering, which is a pattern of criminal activity.

To be convicted of racketeering, a person /www.nikportal.net/ must have committed at least two predicate acts within a ten-year period. Predicate acts can include a wide range of crimes, such as murder, kidnapping, extortion, and drug trafficking.

RICO also allows prosecutors to seek forfeiture of assets that were obtained through racketeering activity. This means that the government can seize the property and money of convicted racketeers.

RICO has been used to prosecute a wide range of individuals and organizations, including organized crime syndicates, street gangs, and corrupt businesses. RICO has also been used to prosecute individuals for white-collar crimes, such as fraud and money laundering.

Here are some examples of RICO cases:

  • In 1986, the Gambino crime family was convicted of racketeering in a case that involved murder, gambling, and extortion.
  • In 2006, the Dixie Mafia, a white supremacist gang, was convicted of racketeering in a case that involved murder, drug trafficking, and robbery.
  • In 2011, SAC Capital Advisors, a hedge fund, was convicted of racketeering in a case that involved insider trading.

RICO is a powerful tool that can be used to prosecute individuals and organizations involved in racketeering activity. RICO has helped to reduce the power of organized crime and to make communities safer.

If you have any questions or concerns about RICO, you should consult with an attorney. An attorney can help you understand your legal rights and options.