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Racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a "racket") to repeatedly or consistently collect a profit. [1]
Simply put, racketeering means engaging in an illegal scheme. It’s used in the Racketeer Influenced and Corrupt Organizations Act, known as RICO, to describe 35 offenses, including...
Racketeering is the act of acquiring a business through illegal activity, operating a business with illegally-derived income, or using a business to commit illegal acts. The U.S....
Racketeering, engaging in a pattern of illegal scheming and activity for profit. A “racket” is a fraudulent and often illegal activity that is often carried out by means of extortion or intimidation. For example, in a protection racket, business owners in an area must pay local criminals to avoid.
The meaning of RACKETEER is one who obtains money by an illegal enterprise usually involving intimidation.
the practice of making money from organized illegal activities: In June, the government indicted him on 16 counts of racketeering, bribery, fraud and obstruction of justice. They took part in racketeering activity which included money laundering, wire fraud, and mail fraud.
1. : the extortion of money or advantage by threat or force. 2. : a pattern of illegal activity (as extortion and murder) that is carried out in furtherance of an enterprise (as a criminal syndicate) which is owned or controlled by those engaged in such activity see also Racketeer Influenced and Corrupt Organizations Act compare organized crime.
Racketeering definition: the practice of conducting or engaging in a racket, as extortion or bootlegging.. See examples of RACKETEERING used in a sentence.
Definition of racketeering noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Racketeering is a set of illegal activities aimed at commercial profit that may be disguised as legitimate business deals. Racketeering is defined by a coordinated effort by multiple people to repeatedly earn a profit.