RICO


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Related to RICO: RICO Act, Rico law

RICO

Stands for Racketeer Influenced and Corrupt Organization Act. Legislation under/which inside traders may be convicted.

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 ?
The dam was constructed by the Puerto Rico Electric Power Authority to create a lake that provides drinking water to residents of the area, according to the US Geological Survey.( ANI )
As noted above, the [section] 933 exclusion applies only if the taxpayer is a bona fide resident of Puerto Rico for the entire taxable year.
"The government of Puerto Rico is experiencing a profound fiscal crisis," the company says.
The Pontificia Universidad Catolica de Puerto Rico (PUCPR), in partnership with four higher education institutions throughout Latin America and the Caribbean, Universidad Catolica Boliviana "San Pablo," Universidad Tecnologica de El Salvador, Universidad Intercultural Maya de Quintana Roo, and Universidad Catolica Redemptoris Mater, developed the Service Learning Exchange Program (SLEP).
Puerto Rico (Spanish for "rich port") is an archipelago that includes the main island of Puerto Rico and a number of smaller islands, the largest of which are Vieques, Culebra, and Mona.
Like New York City, Puerto Rico needs to address its fiscal problems.
He says the market is now predicting Puerto Rico will be able to pay roughly 50 cents on the dollar, which would be "a larger haircut for bondholders than Detroit [and] "the largest restructuring in municipal history."
The 2015 Puerto Rico Investment Summit, a private event for foreign investors, will be held on February 26 and 27.
* The Export Services Act (Act 20), (2) which provides for a 4% maximum tax rate on income related to services for export provided by new export services businesses in Puerto Rico. Qualifying business may also be subject to requirements relating to employment of Puerto Rico residents, income, investment, and other factors or conditions.
The NHC said the storm's center was forecast to pass near or over western and central Puerto Rico on Wednesday and near or over eastern Hispaniola on Wednesday night.
Puerto Rico is still recovering from Hurricane Maria in 2017.
"The development of this program expands our existing partnership with RICO for the exclusive distribution of the RICO Pegasus Elite line of large-capacity, cushion-tire electric and internal-combustion counterbalance products," said Martin Boyd, vice president of product planning and solutions, Hyster-Yale Group.