Racketeer Influenced and Corrupt Organizations Act
Term · Law · MLC-T-LAW-004104
A federal law enacted to combat organized crime by allowing prosecution and civil penalties for patterns of criminal activity connected to an enterprise. It targets individuals who engage in a continuing series of offenses, such as fraud, bribery, or extortion, through an organization. The statute provides for severe penalties, including lengthy prison sentences and forfeiture of assets.
| Identifier | MLC-T-LAW-004104 |
|---|---|
| Field | Law |
| Abbreviation | RICO |
Record as JSON
{
"id": "MLC-T-LAW-004104",
"term": "Racketeer Influenced and Corrupt Organizations Act",
"field": "Law",
"definition": "A federal law enacted to combat organized crime by allowing prosecution and civil penalties for patterns of criminal activity connected to an enterprise. It targets individuals who engage in a continuing series of offenses, such as fraud, bribery, or extortion, through an organization. The statute provides for severe penalties, including lengthy prison sentences and forfeiture of assets.",
"abbreviation": "RICO",
"url": "https://mlchart.com/terminology/law/racketeer-influenced-and-corrupt-organizations-act/"
}
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