RICO Charges in New York

On Behalf of | Aug 26, 2021 | blog, Fraud

Charges under the Racketeer Influenced and Corrupt Organization Act are serious and, if you are convicted, you might be spending a significant time in a New York federal prison. Understanding the RICO Act is key to knowing whether or not you may face these types of charges as part of a pending legal action. Listed below is some vital information that can help provide answers about this law.

Racketeer Influenced and Corrupt Organization Act or RICO

The RICO Act became law in 1970 and could directly impact organized crime organizations and their leaders. The law closes or prevents any legal loopholes for crime leaders who ordered other members of their criminal organizations to conduct horrific killings, tortures, and crimes.

Moreover, the law makes it easier for law enforcement to examine the finances of criminal enterprises. It takes a very important look at financial fraud within an organization. Known ways to commit fraud, such as laundering money or keeping multiple sets of fraudulent accounts, are common. And law enforcement agencies usually work to trace illicit funds back to the organized criminal organizations to secure the conviction of organized crime criminals.

What to do if facing a RICO Case

If you may be at risk for a RICO charge, you may want to learn more about the elements of financial fraud.

The RICO Act helps law enforcement agencies convicted organized crime leaders. Due to the law, over the last several decades, countless people have been sent to prison. If you believe you are at risk for charges in a RICO case, talking with someone knowledgeable about this area of law could prove helpful.