Racketeering and RICO or Racketeer Influenced and Corrupt Organization laws are dictated at both the state and federal level.
Like money laundering, Racketeering/RICO laws involve the assets owned by a business engaging in criminal activity. To cut off the financial structure of a criminal organization, government officials may seize any assets and profits.
Individuals or businesses involved in organized crime or terrorist groups often conduct racketeering and RICO offenses. Sometimes gangs become well organized and may be charged with racketeering crimes as well.
Racketeering has very serious penalties and consequences, such as very long prison sentences, loss of property, assets, as well as high fines. Fines may equal or exceed the profits of the business. And, consequences may extend to family members, as well.
If you have been charged with racketeering you are facing federal charges and must seek the services of a criminal defense attorney who has proven experience defending clients in federal court. Choosing an attorney with proven experience in racketeering cases is key to your defense.