Definitions for racketeer influenced and corrupt organizations act
This page provides all possible meanings and translations of the word racketeer influenced and corrupt organizations act
anti-racketeering law, Racketeer Influenced and Corrupt Organizations Act, RICO Act, RICO(noun)
law intended to eradicate organized crime by establishing strong sanctions and forfeiture provisions
Racketeer Influenced and Corrupt Organizations Act
Racketeer Influenced and Corrupt Organizations Act, commonly referred to as the RICO Act or simply RICO, is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. The RICO Act focuses specifically on racketeering, and it allows the leaders of a syndicate to be tried for the crimes which they ordered others to do or assisted them, closing a perceived loophole that allowed someone who told a man to, for example, murder, to be exempt from the trial because he did not actually do it. RICO was enacted by section 901 of the Organized Crime Control Act of 1970. RICO is codified as Chapter 96 of Title 18 of the United States Code, 18 U.S.C. § 1961–1968. While its original use in the 1970s was to prosecute the Mafia as well as others who were actively engaged in organized crime, its later application has been more widespread. It has been speculated that the name and acronym were selected in a sly reference to the movie Little Caesar, which featured a notorious gangster named Rico. The original drafter of the bill, G. Robert Blakey, refused to confirm or deny this. G. Robert Blakey remains an expert on RICO; his former student Michael Goldsmith also gained a reputation as one of the nation's leading RICO experts.
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