Other Free Encyclopedias » Law Library - American Law and Legal Information » Crime and Criminal Law » RICO - Things To Remember While Reading Excerpts From The Racketeer Influenced And Corrupt Organizations (rico) Act Of 1970: - Excerpt from the Racketeer Influenced and Corrupt Organizations (RICO) Act of (1970)

RICO - Things To Remember While Reading Excerpts From The Racketeer Influenced And Corrupt Organizations (rico) Act Of 1970:

activities racketeering

  • By the time RICO was passed many different types of organized crime activities were well known. These activities were costing the U.S. economy billions of dollars each year.
  • Racketeering crimes were hidden under many confusing layers of secrecy. They took years to investigate once RICO became law.
  • Even though RICO required that all illegal gains from racketeering be turned over to authorities once a gangster was convicted, most was never recovered due to the "laundering" process.
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