Racketeer Influenced And Corrupt Organizations Act (Noun)
Meaning
Law intended to eradicate organized crime by establishing strong sanctions and forfeiture provisions.
Classification
Nouns denoting communicative processes and contents.
Examples
- The Racketeer-Influenced and Corrupt Organizations Act, commonly referred to as RICO, was enacted in 1970 to combat organized crime.
- The law firm specialized in cases related to the Racketeer-Influenced and Corrupt Organizations Act, working closely with government agencies to prosecute organized crime leaders.
- In 1980, the Racketeer-Influenced and Corrupt Organizations Act was used for the first time to convict the top officials of the Teamsters Union of widespread corruption.
- Prosecutors used the Racketeer-Influenced and Corrupt Organizations Act to bring charges against the infamous mob boss, who was ultimately convicted of multiple counts of extortion and bribery.
- The conviction under the Racketeer-Influenced and Corrupt Organizations Act carried stiff penalties, including millions of dollars in fines and a lengthy prison sentence.