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LSDefine

Simple English definitions for legal terms

Racketeer Influenced and Corrupt Organizations Act

Read a random definition: counterletter

A quick definition of Racketeer Influenced and Corrupt Organizations Act:

The Racketeer Influenced and Corrupt Organizations Act (RICO) is a law that helps stop organized crime and keeps businesses fair. It was made in 1970 and only applies to crimes that involve different states or countries. Some states also have their own versions of the law. RICO can be enforced through criminal charges or a lawsuit where the person suing can get three times the amount of damages. To prove someone broke RICO, they must have done at least two illegal things within ten years of each other and those actions must be part of a bigger plan to commit crimes.

A more thorough explanation:

The Racketeer Influenced and Corrupt Organizations Act (RICO) is a law that was created to fight organized crime and protect the integrity of the marketplace. It allows for the investigation, control, and prosecution of individuals who participate in or conspire to participate in racketeering.

The federal RICO statute was enacted in 1970 and only applies to activities involving interstate or foreign commerce. Since then, many states have adopted similar laws, often called "little RICO" acts.

RICO can be enforced through criminal prosecution or civil lawsuits, in which the plaintiff can sue for triple damages. However, before criminal or civil liability can be established, it must be shown that the alleged acts of racketeering constitute a pattern of racketeering activity.

For example, if a group of individuals conspire to commit fraud in multiple states over a period of several years, they could be prosecuted under RICO for engaging in a pattern of racketeering activity.

In summary, RICO is a law designed to combat organized crime and protect the marketplace from corruption. It allows for both criminal and civil enforcement and requires a pattern of racketeering activity to be established before liability can be established.

racketeer | rack rent

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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