racketeering

racketeering definition - business

racketeering

Carrying on an illegal activity, or racket, to make money. Racketeering is generally applied to structured groups such as child pornography rings or union members involved in labor racketeering.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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