Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Racketeer
n. A person who engages in racketeering. - racketeer, ub.
Racketeer Influenced and Corrupt Organizations Act
A law designed to attack organized criminal activity and preserve marketplace integrity by investigating, controlling, and prosecuting persons who participate or conspire to participate in racketeering. ( Enacted in 1970, the federal Racketeer Influenced and Corrupt Organizations Act (RICO) applies only to activity involving interstate or foreign commerce. 18 USCA ยงยง 1961-1968. Since then, many states have adopted laws (sometimes called "little RICO" acts) based on the federal statute. The federal and most state RICO acts provide for enforcement not only by criminal prosecution but also by civil lawsuit, in which the plaintiff can sue for treble damages.
Racketeering
n. 1. A system of organized crime traditionally involving the extortion of money from businesses by intimidation, violence, or other illegal methods. 2. A pattern of illegal activity (such as bribery, extortion, fraud, and murder) carried out as part of an enterprise (such as a crime syndicate) that is owned or controlled by those engaged in the illegal activity. ( The modern sense (sense 2) derives from the federal RICO statute, which greatly broadened the term's original sense to include such activities as mail fraud, securities fraud, and the collection of illegal gambling debts.
pattern of racketeering activity.
Two or more related criminal acts that amount to, or pose a threat of, continued criminal activity. ( This phrase derives from the federal Racketeer Influenced and Corrupt Organizations Act. See RACKETEERING.