Racketeering Lawyers Based in New York
Racketeering refers to the earning of money through illegal and dishonest means, whether it is through organized crime, unauthorized donations to politicians, and even pyramid schemes. The federal RICO (Racketeer Influenced and Corrupt Organization) law is one that provides victims of racketeering a way to sue and claim for damages. Here at Weltz Law, our experienced securities fraud attorneys can provide our clients with advice on racketeering cases and help to strengthen your case to secure compensation.
Call (877) 905-7671 or complete our online form to schedule your initial consultation.
Understanding the RICO Law
What exactly is the RICO law? It is a law that was passed in 1970 by congress in an attempt to bring down the growing mob. These days, it even covers cases that are related to other criminal organizations and other things like police corruption. The RICO law is different from other laws because it involves bringing down members of unlawful organizations by proving their repeated offences. Criminals typically fear RICO because the violation of them can result in harsh penalties that consist of things like serious fines, compensating victims, and incarceration for a great number of years.
The RICO law has a civil cause of action that allows private plaintiffs to fight for treble damages if they suffer business injuries or property damage as a result of the accused party’s RICO violation. Typically, civil RICO cases involve defendants who act in violation of this law and participate in repeated racketeering offences. However, the RICO law is an extremely broad one, and can include activities such as robbery, mail and wire fraud, unlawful money laundering and even unlicensed gambling.
Proving RICO Violations
For the plaintiff to make a RICO case against the defendant, there needs to be proof that the defendant is part of an organization that has shown a repeated pattern or racketeering. For this to be proven, the following needs to be considered:
- Determining that there is an enterprise involved.
- Proof of predicate acts.
- Continuity (meaning that the racketeering activity has or had been going on for a significant amount of time).
- Repeated occurrence of racketeering activity.
Discuss Your Racketeering Case With One of Our Seasoned Attorneys. We Represent Clients Nationwide.
If you want to file a RICO case, it is almost impossible to do so without the help of an experienced securities litigation attorney. Here at Weltz Law, we have a team of highly skilled and well-versed attorneys who have helped numerous clients secure compensation from their RICO cases. The legal world is a tough one to navigate because of all the options and industry-specific terms that can be confusing to most people. As such, hiring a helpful and dedicated attorney can greatly strengthen your case and increase the chances of claiming for the damages which you deserve.
30+ Years of Collective Experience
Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.
Contingency Fees for Our Securities Law Clients
We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.
We will assess the merits of your claims and help you decide on the next step.
Litigated Claims in Excess of $50 Million for Our Clients
Our firm has successfully recovered over $50 million for our clients.