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- DictionaryRack·et·eer·ing/ˌrakəˈtiriNG/
noun
- 1. dishonest and fraudulent business dealings: "racketeering ensnared the economy"
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.
The meaning of RACKETEERING is the extortion of money or advantage by threat or force.
Aug 15, 2023 · 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....
Jun 20, 2024 · 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.
Mar 26, 2019 · 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 definition: the practice of conducting or engaging in a racket, as extortion or bootlegging.. See examples of RACKETEERING used in a sentence.
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.
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.
Feb 18, 2016 · Racketeering describes a pattern of engaging in illegal business activities, or extorting money from people. This is most commonly associated with organized crime, in which mob families, gang leaders, and others, who own and control the illegal activities.
