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LSDefine

Simple English definitions for legal terms

Racketeer Influenced and Corrupt Organizations Act

Read a random definition: landreeve

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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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true i love ur user
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thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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