I�ll now try to explain the mechanism of action in more detail (yes, it gets worse!)
In order to exert its cytoxic effect on cells the enzymatically active part of ricin (the A-chain) has to enter the cytosol This occurs after binding of the toxin to cell surface glycoproteins and glycolipids with terminal galactose, endocytosis of the toxin, and retrograde transport of ricin to the trans-Golgi network and the endoplasmic reticulum (ER). Not until the toxin reaches this location does the A-chain translocate to the cytosol.
Experiments with modified ricin molecule have shown that ricin can be sulphated in the trans-Golgi network and glycosylated in the ER, it was recently shown that ricin was glycosylated and the glycosylated form of ricin was translocated to the cytosol). The exact mechanism by which translocation of the A-chain from the ER to the cytosol occurs is not known, but there is evidence for the involvement of Sec61p, the protein translocator that is involved in transport of newly synthesized proteins into the ER, and transport of misfolded proteins from the ER to the cytosol, where they are then ubiquitinylated and degraded by the proteasome. Evidence for the involvement of Sec61p was obtained by coprecipitation with ricin A-chain and from experiments with yeast cells. It is thought that unfolding of the ricin A-chain is required for translocation to occur and the target for the A-chain, the ribosome, may participate in the refolding of the protein.
Incidentally, to summarise you could say that ricin induces hydrolytic fragmentation thereby blocking protein synthesis!