Racketeer Influenced and Corrupt Organizations Act - Legal Definition
Webster's New World Law Dictionary Copyright © 2010 by Wiley Publishing, Inc., Hoboken, New Jersey.
This law, enacted in 1970, is designed to fight activity by organized crime and to preserve the integrity of the interstate and international marketplace by investigating and prosecuting individuals conspiring to participate or actually participating in racketeering. Note that it has no force in intrastate commerce. Abbreviated RICO. See also racketeering.
Used by arrangement with John Wiley & Sons, Inc.