Racketeering is also considered as an organized crime since the accused is engaged in two different criminal acts that are related to racketeering within a specified time duration. Those who are accused of racketeering are usually investigated by the FBI to initially dismantle high profile groups and mafia members with racketeering charges. Nevertheless, these charges are already very common among groups and individuals. These days, the government of the United States is already charging white collar crimes as part of the RICO statute.
What is RICO?
RICO, otherwise known as Racketeer Influenced and Corrupt Organizations, is a type of federal law that is used to punish groups or individuals who are charged with two criminal activities that are linked to racketeering and involving commerce within 10-year period as described under title 18 of the U.S. code. Federal RICO charges will result from violation of the statutes and are commonly persecuted in the district court of Nevada.
The Issues of Racketeering under the Nevada Law
The racketeering statutes of Nevada are designed after the federal RICO laws. This is referred to as the Nevada RICO Act. These are not isolated incidents, rather they are linked to distinguishing characteristics. A certain incident, as described under the Nevada Revised Statutes or NRS sections 207.350 up to 207.520, should have occurred after July 1, 1983 and the latest incident must occur within 5 years of prior crimes that are related to racketeering. Those who violate the Nevada RICO Act are to be prosecuted by the state court of Nevada.
The Penalties of Racketeering under the Nevada Law
The RICO law gives criminal punishment to those who violated it. This includes imprisonment in Nevada State prison that is not less than 5 years, or more than 20 years with a fine not exceeding $25,000. The Act also allows private civil actions for damages against those accused who have violated the Act for injuries obtained as a result from the violation.