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Racketeering here refers to a specific law - specifically, RICO (Racketeering Influenced Criminal Organization). This was built to deal with mafia groups in the
by azernik 10y ago
Racketeering here refers to a specific law - specifically, RICO (Racketeering Influenced Criminal Organization). This was built to deal with mafia groups in the 70s, but explicitly written to include white-collar crime. RICO basically created a special class of crime to cover the commission of multiple less serious crimes in pursuit of an "enterprise", i.e. an organized criminal conspiracy.
So when the Justice Department says racketeering, and then mentions RICO farther down in the press release, it means that these are basically conspiracy charges that include a few different items on a list of thirty-something crimes that RICO includes.
- wallace_f 10y agoThanks for the info