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How is the market cap and valuation of Sancode Technologies Limited (543897) ✌️【Part-Time Income】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. Simply put, racketeering means engaging in an illegal scheme. It’s used in theRacketeer Influenced and Corrupt Organizations Act, known as RICO, to describe 35 offenses, including kidnapping, murder, bribery, arson and extortion.
“(Racketeering’s) not a specific crime – it’s a way of thinking about and prosecuting a variety of crimes,” says Blakey, a federal criminal law professor at Notre Dame University.
Blakey added that racketeering is not a single criminal act. Prosecutors must prove a pattern involving at least two instances of racketeering activity to convict someone under the law.
Congress passed the RICO Act in 1970 to combat organized crime. Since then, the law has been used to target some of the highest-profile Mafia members, including Antonio Corallo, head of the infamous Lucchese crime family.
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• A criminal enterprise existed• The enterprise affected interstate commerce• The defendant was associated with or employed by the enterprise• The defendant engaged in a pattern of racketeering activity• The defendant participated in at least two acts of racketeering activity
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