Racketeer Influenced and Corrupt Organizations Act (RICO)

Definition of "Racketeer Influenced and Corrupt Organizations Act (RICO)"
  1. A 1970 federal law permitting prosecution and penalties for activities like illegal gambling, bribery, and money laundering that form part of a consistent criminal enterprise
How to use "Racketeer Influenced and Corrupt Organizations Act (RICO)" in a sentence
  1. The Racketeer Influenced and Corrupt Organizations Act (RICO) was instrumental in combating organized crime in the 1980s.
  2. Under the Racketeer Influenced and Corrupt Organizations Act (RICO), the alleged gang leader faced stiff penalties.
  3. A case involving money laundering was prosecuted under the Racketeer Influenced and Corrupt Organizations Act (RICO).
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