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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