Being charged with a crime can be overwhelming, as you may not fully comprehend the implications of the alleged offense you are facing. As such, understanding the charges against you is vital. If facing racketeering and additional charges for the alleged crimes, knowing the penalties you can face is essential. Unfortunately, racketeering can be confusing and complex, so ensuring you have the assistance of an Oklahoma City white-collar crime lawyer on your side is crucial. Keep reading to learn more about the offense and what penalties you can expect to face if convicted on these charges.

What Is Racketeering?

Racketeering is a term used to describe the act of profiting illegally from schemes. These schemes are often federal crimes outlined in the Racketeer Influenced and Corrupt Organizations Act (RICO), but they can transpire at the state level as well. Generally, racketeering occurs as part of organized crime, such as mob or gang activity, but has become less centralized in organized crime. As such, using threats, coercion, or extortion to profit can be classified as racketeering.

Crimes associated with racketeering often include, but are not limited to:

  • Bribery
  • Money laundering
  • Fraud
  • Gambling
  • Murder
  • Embezzlement

What Penalties Can I Face if Convicted?

Depending on the severity of your criminal activity, racketeering and associated crimes can be charged at the state or federal level as a misdemeanor or felony.

However, due to their inherent nature, these crimes are often charged as a felony. If you are facing felony racketeering charges in Oklahoma, you can expect to face severe penalties. As you will technically face charges for the actual action you committed, such as embezzlement, for example, the penalties you can expect will vary. If you embezzle any amount of money over $500, you will be charged with a felony and can face between one and ten years in prison, along with hefty fines and restitution.

However, if you are charged with a federal racketeering charge because you violated the RICO Act, you can face up to twenty years in prison for your actions.

What Should I Do if I’m Facing Felony Charges?

If you are arrested or detained for allegedly committing racketeering, it’s essential to know how to proceed. The most important thing you should do is remain silent. Unfortunately, if you speak with the police upon your arrest, anything you say may be twisted and used against you during your trial. As such, you should invoke the right to remain silent until you have spoken with an experienced criminal attorney.

At the Jones Firm, PLLC, our dedicated legal teams understands the complexities and severity of these charges. As such, we will do everything possible to provide you with competent legal representation to fight for the best possible outcome for your circumstances. Contact us today to learn how we can assist you during these challenging times.