Such crimes include fraud, bribery, Ponzi schemes, embezzlement, insider trading, cybercrime, intellectual property infringement, racketeering, money laundering, identity theft, and forgery, etc. Nonviolent crime committed by employees in the course of their occupation is defined as “white collar” crime. Under CORA, “racketeering activity” means committing, attempting to commit, conspiring to commit, or intentionally aiding, soliciting, coercing, or intimidating another person to commit a specified list of felonies. RICO defines “racketeering activity” as a long list of state and federal crimes. What is racketeering activity under RICO? Under the law, racketeering consists of a pattern of activity that involves some sort of enterprise as opposed to crimes committed by single individuals….Examples of racketeering under RICO include but are not limited to: What is the minimum sentence for a RICO charge?Ī defendant with no prior significant record who was assigned the minimum level (nineteen) would receive a sentence of thirty (30) to thirty seven (37) months in prison. The rules of procedure in a RICO prosecution allow the government to freeze the defendant’s assets before the case even goes to trial. This means claims can be brought by prosecutors on behalf of the government, or by private individuals. The RICO Act provides both criminal and civil penalties. Racketeer Influenced and Corrupt Organizations Act, commonly referred to as the RICO Act or simply RICO, is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization. This broad definition of enterprise permits prosecutors to attack. of individuals associated in fact although not a legal entity.”8. corporation, partnership, or individual, or “any union or group. RICO defines “enterprise” as any legal entity, such as a.