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Racketeer Influenced and Corrupt Organizations Act of 1970
Racketeer Influenced and Corrupt Organizations Act: a U.S. law, enacted in 1970, allowing victims of organized crime to sue those responsible for punitive damages.
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|Noun||1.||RICO - law intended to eradicate organized crime by establishing strong sanctions and forfeiture provisions|
law - legal document setting forth rules governing a particular kind of activity; "there is a law against kidnapping"