Racketeer Influenced Corrupt Organization (RICO) Statue Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Racketeer Influenced Corrupt Organization (RICO) Statue, written in plain English, along with examples of how it is used.

What is Racketeer Influenced Corrupt Organization (RICO) Statue?

Racketeer Influenced Corrupt Organization (RICO) Statue is the law intended to prohibit and control forming or running an organization to operate or commit or otherwise execute ongoing criminal activities and fraudulent business as its objective.