Racketeer Influenced and Corrupt Organization Act(RICO) This act allows an injured party to seek treble(triple)damages and recovery of legal fees in cases where it can be demonstrated that the defendant was engaged in a "pattern of racketeering activity Arens LoebArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc, Racketeer Influenced and Corrupt Organization Act (RICO) This act allows an injured party to seek treble (triple) damages and recovery of legal fees in cases where it can be demonstrated that the defendant was engaged in a “pattern of racketeering activity