Racketeering is the act of operating an illegal business or scheme in order to make a profit and is often perpetuated by an organized group. The act that constitutes racketeering covers a broad range of crimes such as extortion, bribery, embezzlement, and illegal gambling etc.

The Racketeer Influenced Corrupt Organization Act (RICO) is the federal law that is enforced against racketeering activity and targets “mob” activity. Unlike many federal statutes that target white-collar crime, violation of RICO carries hefty pre- and post- penalties.

Defendants convicted of RICO violations are faced with a maximum fine of $25,000 or double the proceeds from the prohibited activity and up to twenty years in jail.

But the power of RICO violations does not stop there…

Unlike most federal statutes, RICO permits a District Court, (Eastern District for Long Island based cases) upon application of the prosecutor, to restrain, enjoin or prohibit the transfer or diffusion of potentially forfeitable assets before the defendant is found guilty.

What does this mean? Your bank accounts, real property, and any forfeitable assets will be frozen once the prosecutor submits the request to freeze all questionable assets.

It is understandable that it is an extremely stressful and unpleasant time at the onset of a racketeering investigation. But it is still recommended that you stick to the legal rule of thumb and not speak or hand any information to any federal agents, until you speak with a highly skilled and experienced Federal Criminal Defense lawyer.

If you have been arrested or investigated for racketeering in Long Island, call our Long Island Racketeering Defense lawyers at (516)-204-7611 to get professional legal advice.