A person injured by a Racketeer Influenced and Corrupt Organizations Act violation can bring a civil action against the violator and recover treble damages,but only if the defendant has already been criminally convicted in connection with the securities fraud.

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The Racketeer Influenced and Corrupt Organizations Act (RICO) allows victims of racketeering activity to bring civil lawsuits against the perpetrators. In order to recover treble damages, the plaintiff must prove that the defendant has already been criminally convicted of the underlying racketeering activity.

A Person Injured by a Racketeer Influenced and Corrupt Organizations