Category: Organized Crime

RICO Law

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The meaning of RICO law, or the “Racketeer Influenced and Corrupt Organizations Act,” is that it is a law that allows authorities to punish offenders engaging in criminal activities, particularly racketeering. For example, RICO law punishes crime bosses who order their subordinates to carry out criminal activities for them. Else, these bosses could claim innocence because they technically were not […]

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Profiteering

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The term “profiteering” refers to the act of making a large or unfair profit by sketchy means. An example of profiteering is pay-day loans, which typically come with exorbitant interest rates that make them difficult to pay back. The company offering the loan then makes an unfair profit because of their inflated interest rates. To explore this concept, consider the […]

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