What Is a RICO Charge?

The Racketeer Influenced and Corrupt Organizations Act, also known as RICO, is a federal law enacted decades ago to fight organized crime. The law has broad provisions that allow the prosecution of organized criminal activity, and anyone found guilty of violating this law can face significant punishment, including the possibility of a large fine and imprisonment for up to 20 years. RICO charges are serious, and those accused of breaking this law need to understand how it works and what to expect if facing such a charge.

What is Covered Under RICO?

Typically, when it comes to RICO charges, the accusations involve a group of individuals conspiring to commit criminal acts in association with an organization. While the laws covering this type of activity vary from state to state, the federal law of RICO covers a range of offenses, including racketeering, extortion, bribery, money laundering, obstruction of justice and even some types of fraud. In addition to criminal entities, RICO can also be used to prosecute individuals in some cases.

What is the Impact of a RICO Charge?

The consequences for a RICO charge can be significant. Depending on the specific allegations, an individual could face significant fines and jail time if convicted. There are serious financial penalties associated with a RICO charge as well. Violators can be required to pay triple damages to victims of the alleged criminal activity, as well as other restitution or forfeiture fees.

In addition to consequences in the criminal court system, a RICO charge could also affect an individual’s ability to engage in certain business activities. In a professional setting, the charge could lead to fines and suspension of licenses, which could have a negative impact on any occupation or career.

For anyone accused of a RICO charge, it is important to speak to an attorney as soon as possible. An experienced legal advocate can help ensure that your rights are respected and that you receive a fair defense against the accusations.