Racketeer Influenced and Corrupt Organizations Act

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Racketeer Influenced and Corrupt Organizations Act

United States legislation passed in 1970 that increased criminal and civil penalties for participating in organized crime and also strengthened law enforcement tools in the investigation of illegal enterprises. Its provisions included the ability to indict individuals for witness intimidation or extortion, prosecution for acts of terrorism or murder for hire, and so forth. One can be prosecuted under RICO for offenses such as counterfeiting money, securities fraud, and bankruptcy fraud.
References in periodicals archive ?
6) Because of the similarities between Florida and federal RICO acts, Florida looks to federal authority regarding the interpretation and application of its act.
The wide-ranging authority and discretion granted to prosecutors through the RICO Act and the material support to terrorism statutes, and to the military through the AUMF, risk inadvertently furthering Al Qaeda's goals by aggregating local guerilla groups with a global insurgency.
If you have been injured by a violation of the RICO Act, you may sue the person who allegedly violated the Act and, if successful, recover a monetary award equivalent to three times the value of the property you lost or that was stolen from you, plus the legal costs and fees you incurred to bring the lawsuit.
For example, Press, Shannon, and Ellissimmons noted that federal prosecutors were using the RICO Act against defendants who clearly were not part of any organized crime ring.
1995) (holding that defendants can be convicted and punished for both conspiracy to violate RICO Act and conspiracy to violate Contraband Cigarette Trafficking Act (CCTA), even though violation of CCTA is a predicate offense for RICO conspiracy, and even if conspiracy to violate RICO and conspiracy to violate CCTA are same offense).
District Court for the Eastern District of North Carolina, accuses Taylor and other individuals and financial institutions who allegedly helped him perpetrate his Ponzi schemes with wire fraud, interstate transportation of stolen property, money laundering, racketeering, violations of the RICO Act and a number of other serious violations.
He says this activity qualifies as "organized crime" and explains why their activities should be prosecuted under the RICO ACT (Racketeer Influenced and Corrupt Organizations Act).
In the same letter, the US Attorney also advised that if Ravelston were convicted of an offence under the RICO Act wherein the "racketeering enterprise" was Hollinger International, the United States courts could, among other things, order that Ravelston forfeit, effective retroactively to 1999 (being the date of the alleged offences), to the United States Department of Justice (the "US DOJ") its direct and indirect interests in Hollinger International, namely the Hollinger Shares.
The amended complaint cites multiple counts of misconduct by Dodge, including fraud, misappropriation of trade secrets, misappropriation of confidential information, unfair competition, tortious interference with prospective economic advantage, violation of New York's general business law, violation of the RICO Act, RICO conspiracy, monopolization, attempted monopolization and unjust enrichment.
Blakey is the nation's foremost authority on the RICO Act and has served on the Notre Dame Law School faculty for more than 20 years.
Blakey was the principal draftsman of the RICO Act of 1970.