Rise in Use of Rico
MJ Business Attorneys
SEPTEMBER 13, 2018
In 1970, Congress passed the Racketeer Influenced and Corrupt Organizations (RICO) Act with the intention to combat organized crime. To be criminally or civilly liable under RICO, the liable person must take part in an enterprise that repeatedly engages in racketeering activity. Racketeering, in general, refers to the act of obtaining money illegally, or illegally conducting business activities.
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