What Is the RICO Law?

What Is the RICO Law?

What Is the RICO Law?

The Racketeer Influenced and Corrupt Organizations Act is a law that was passed in 1970 by Congress in order to combat organized crime groups. It is used to prosecute those who have a history of committing crimes while belonging to an organized criminal enterprise.

State and federal offenses that fall under the Racketeer Influenced and Corrupt Organizations Act include witness tampering, homicide, extortion and kidnapping. Financial crimes that qualify under the act are wire fraud, money laundering, security violations and counterfeiting. Racketeering offenses such as arson and robbery are defined as property crimes under the act. Racketeer Influenced and Corrupt Organizations Act claims can be brought to court for prosecution by both the government and private civilians.