TITLE 18 - CRIMES AND CRIMINAL PROCEDURE
PART I - CRIMES
CHAPTER 96 - RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS
HEAD
Sec. 1962. Prohibited activities
STATUTE
(a) It shall be unlawful for any person who has received any
income derived, directly or indirectly, from a pattern of
racketeering activity or through collection of an unlawful debt in
which such person has participated as a principal within the
meaning of section 2, title 18, United States Code, to use or
invest, directly or indirectly, any part of such income, or the
proceeds of such income, in acquisition of any interest in, or the
establishment or operation of, any enterprise which is engaged in,
or the activities of which affect, interstate or foreign commerce.
A purchase of securities on the open market for purposes of
investment, and without the intention of controlling or
participating in the control of the issuer, or of assisting another
to do so, shall not be unlawful under this subsection if the
securities of the issuer held by the purchaser, the members of his
immediate family, and his or their accomplices in any pattern or
racketeering activity or the collection of an unlawful debt after
such purchase do not amount in the aggregate to one percent of the
outstanding securities of any one class, and do not confer, either
in law or in fact, the power to elect one or more directors of the
issuer.
(b) It shall be unlawful for any person through a pattern of
racketeering activity or through collection of an unlawful debt to
acquire or maintain, directly or indirectly, any interest in or
control of any enterprise which is engaged in, or the activities of
which affect, interstate or foreign commerce.
(c) It shall be unlawful for any person employed by or associated
with any enterprise engaged in, or the activities of which affect,
interstate or foreign commerce, to conduct or participate, directly
or indirectly, in the conduct of such enterprise's affairs through
a pattern of racketeering activity or collection of unlawful debt.
(d) It shall be unlawful for any person to conspire to violate
any of the provisions of subsection (a), (b), or (c) of this
section.
SOURCE
(Added Pub. L. 91-452, title IX, Sec. 901(a), Oct. 15, 1970, 84
Stat. 942; amended Pub. L. 100-690, title VII, Sec. 7033, Nov. 18,
1988, 102 Stat. 4398.)
AMENDMENTS
1988 - Subsec. (d). Pub. L. 100-690 substituted "subsection" for
"subsections".
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