Racketeer Influenced and Corrupt Organizations Act(redirected from Racketeer influenced corrupt organization (rico) statue)
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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.