Rico (Noun)
Meaning
Law intended to eradicate organized crime by establishing strong sanctions and forfeiture provisions.
Classification
Nouns denoting communicative processes and contents.
Examples
- The RICO lawsuit alleged that the corporation had engaged in a pattern of racketeering activity that spanned over a decade.
- The prosecution built their RICO case on evidence of money laundering, bribery, and corruption within the organization.
- The RICO statute provides federal prosecutors with powerful tools to dismantle organized crime syndicates and seize their assets.
- After an extensive investigation, the district attorney filed a RICO indictment against the notorious gang leader and several of his top associates.
- The court ultimately convicted the defendants under the RICO Act, resulting in lengthy prison sentences and substantial fines.