The Racketeer Influenced and Corrupt Organizations Act (RICO)
Originally intended to combat infiltration of commerce by organized crime, RICO (Racketeer Influenced and Corrupt Organizations Act) has developed into a powerful means to obtain redress from losses incurred as a result of a pattern of illegal competitive behavior. Activities that can support RICO actions include mail and wire fraud, bribery, money laundering, embezzlement, fraud, graft, extortion, counterfeit trademark, and labeling violations.
The RICO statute allows for both criminal prosecution as well as a private, civil cause of action. Plaintiffs in civil actions are entitled to treble damages (three times the money lost due to the defendant’s actions). Therefore, experienced and competent counsel is essential when bringing a cause of action or defending a cause of action under RICO.
One of the keys to winning a RICO case lies in having an experienced attorney representing you, one who can present a compelling case that is understandable for a jury. KMK’s team of litigators, which includes a former chair of the American Bar Association’s Civil RICO Subcommittee, provides you with a wealth of experience and insight few firms can claim. Contact one of our litigation attorneys to learn more.