True or False: RICO was originally intended to combat organized crime but is also applied to business law violations.

Study for the Business Law Test. Use flashcards and multiple choice questions, each equipped with hints and explanations. Prepare for your exam with confidence!

RICO, which stands for the Racketeer Influenced and Corrupt Organizations Act, was indeed originally designed to confront organized crime and combat activities related to racketeering. The Act allows for the prosecution of individuals involved in a pattern of criminal organization, providing a powerful tool to law enforcement.

Over time, its application has widened, and RICO can also be invoked in cases involving business law violations. For instance, businesses engaged in fraudulent schemes, corruption, or any persistent illegal activities may be subject to RICO liability. This illustrates the versatility of RICO, as it can apply to both traditional organized crime and legitimate businesses that engage in predicate acts defined under the law.

Thus, the statement that RICO was originally intended to combat organized crime but can also be applied to business law violations is accurate.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy