Racketeering Charges and Federal Statutes
Racketeering involves organized criminal activities such as extortion, money laundering, and illegal gambling, often committed by crime syndicates or organized crime groups.
In the United States, the Racketeer Influenced and Corrupt Organizations Act (RICO), codified under 18 U.S.C. §§ 1961-1968, targets racketeering activities by enabling law enforcement agencies to charge individuals or groups involved in a pattern of racketeering offenses.
To be convicted under RICO, a defendant must be involved in an “enterprise” that engages in a pattern of racketeering activities, which includes a wide range of crimes, such as bribery, embezzlement, drug trafficking, and murder.
Racketeering Investigation Process
- Surveillance and undercover operations to gather evidence and observe criminal activities.
- Analyzing financial records and bank transactions to identify money laundering and other financial crimes.
- Coordinating with state and local law enforcement agencies to share intelligence and build a comprehensive case against the accused.
Sentencing and Penalties for Racketeering
Racketeering convictions under RICO can result in severe penalties.
The U.S. Sentencing Guidelines consider factors such as the nature and extent of the criminal enterprise, the defendant’s role in the organization, and their criminal history. Penalties for racketeering can include:
- Imprisonment, with maximum sentences for RICO violations reaching up to 20 years.
- Fines, which can be up to $250,000 or twice the proceeds obtained from racketeering activities.
- Forfeiture of assets and property derived from or used in racketeering activities.
Facing racketeering charges can be a daunting experience.
Wall Street Prison Consultants can help defendants understand the legal process and the potential consequences of going to trial versus taking a plea.
Their expertise can assist in preparing for sentencing hearings, exploring early release options or sentence reductions, and ensuring the best possible outcome in their racketeering case.