Racketeer influenced and corrupt organization act in economics and finance

Hello everyone! Today, we're going to discuss a crucial law that has had a significant impact on the world of economics and finance - the Racketeer Influenced and Corrupt Organization Act, commonly known as RICO. Enacted in 1970, this legislation was primarily designed to combat organized crime and its financial underpinnings. However, its scope and implications extend far beyond that. Let's dive in!