Racketeering means operating an illegal business for profit, or engaging in fraudulent schemes. Racketeering is charged under the federal Racketeer Influenced and Corrupt Organizations Act. RICO. This encompasses a large number of criminal offenses – such as extortion, money laundering, federal drug offenses, murder, gambling, arson, bribery ,counterfeiting, and anything else criminal – connected with an “enterprise,” defined as any group or union or business, though not a legal entity. Racketeering prsoecutions and defenses are extremely, jargon heavy, complicated legal issues. In order to make sure you have the proper defense, you need a RICO law firm who understands how these cases are handled.
If you believe charges are imminent, you need to hire our law firm as soon as possible.
Consequences for a conviction of racketeering can include: long term imprisonment, probation, parole, loss of right to be bonded, payment of restitutions, forfeiture of assets, and significant fines. Defenses of racketeering can include: proving insufficient evidence, proving factual innocence, proving illegal police activity, showing lack of knowledge of the illegal activity.
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RICO was designed to address organized crime. The RICO act targets activities which are in the furtherance of ongoing criminal organizations. RICO charges can be brought by both state and federal governments, and it’s a very typical federal indictment. The RICO can provides a civil cause of action, in order to recover damages that result from criminal actions. Under RICO, a person can get treble damages, which can lead to huge financial devastation to a defendant’s family and/or business. RICO charges are now mostly brought up against individuals/businesses, which is beyond the scope of the original act. There’s a list of designated crimes which fall under the scope of RICO. When a person/corporation commits 2 of the 35 potential criminal acts, within a period of 10 years, he/she can be prosecuted for RICO violations. RICO cases are known as high profile cases for prosecutors – which gives them great incentive to turn them into witch hunts – in order to generate immense media attention. In many cases, people at the wrong place / wrong time, are caught up in these witch hunts and wrongly prosecuted.
Federal prosecutors often take a vital role in these cases, by relying on the federal government to provide immense resources. If you’re facing a RICO accusation, you need to have an NYC rico lawyer who understands how to fight and win these cases. One of the dangers of RICO cases is that the prosecutor will do his level best to get an order, before trial, to seize your assets. This can lead to extreme hardship for you and your family – who rely on the seized assets in order to meet your basic needs. Legal penalties for RICO can be severe, with a potential for a 20 year prison term.
Criminal activities covered under RICO
- Bankruptcy fraud;
- Drug dealing (as regulated by the Controlled Substances Act);
- Drug trafficking;
- Engaging in activities involving obscene materials;
- Money laundering;
- Obstruction of justice;
- Participating in activities involving the illegal entry of individuals into the United States;
- Securities fraud;
- Terrorism; and
- Violations of state gambling statutes.
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