RICO ACT

RICO Act refers to the Federal Racketeer Influenced and Corrupt Organization Act passed in 1970 as part of a larger organized crime bill.

The purpose of the act is to combat the infiltration of organized crime into legitimate businesses, but it has also been used to prosecute individuals other than just those associated with organized crime.

This act is generally thought of as a white-collar crime prevention statute.

RICO punishes anyone who engages in a pattern of racketeering to generate income to buy a business or to conduct a business. The pattern of racketeering refers to at least two criminal acts listed in the statute that have a relationship to each other and occur within ten years of each other.

Although originally passed to control organized crime, RICO has been applied to drug dealers and other non-organized crime defendants.

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