RICO — "Unlawful Debt" Defined is a term that refers to the criminal prosecution of individuals or entities that incur debt through illegal activities. This type of debt is often referred to as "debt racketeering" and is defined as the use of proceeds from a criminal enterprise to finance illegal activities. It is commonly used to refer to debt that has been fraudulently obtained or is associated with money laundering, tax evasion, counterfeiting, or other criminal activities. There are two types of RICO — "Unlawful Debt" Defined: racketeering debts, which involve obtaining money or property through the use of force or threats, and fraudulently obtained debts, which involve deception or false representation. RICO — "Unlawful Debt" Defined is a serious offense that can result in both civil and criminal penalties.