ARTICLES

The RICO Act

There is a danger, once one enters the world of business, that he or she might become so enchanted with the idea of gaining absolute control over a market and the financial rewards that accompany such an achievement that adherence to the law falls by the wayside. Ethical concerns are often regulated by state agencies or professional organizations, but in the most egregious of cases they may fall under federal law. To target the practices of the Mafia and to prevent other organizations from engaging in similar methods, the Racketeer Influenced and Corrupt Organizations Act (RICO) was signed into law.

If your business has suffered as a result of a competing organization or other party’s illegal actions, then you may wish to pursue a civil action against those who are interfering with your operations. The RICO Act is only applicable in certain circumstances, and the Minneapolis business lawyers of Skjold Barthel, P.A. can help you to determine whether or not it fits your case. Contact us at 612-746-2560.

Barred Activities

The penalties associated with violations of the RICO Act can be either criminal or civil, and they are substantial. Rightfully so, considering the negative effect that those actions can have on a city, industry, company, individuals, and the economy as a whole. Though you are unlikely to commit some of these, in trying times some of the violations could seem worth the risk. Do not fall into that trap. Here are some of the barred activities under RICO:

• Violation of state gambling, arson, extortion, and bribery laws
• Peddling controlled substances or illicit chemicals
• Fraud
• Obstruction of Justice
• Money Laundering
• Bankruptcy Fraud
• Securities Fraud
• Assisting illegal aliens to gain entry into the country

Contact Us

Your business deserves a chance to grow. To combat violations of the RICO Act, contact the Minneapolis business lawyers of Skjold Barthel, P.A. at 612-746-2560.