racketeering - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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.
racketeering - Legal Definition
A system of organized criminal extortion of money or favors from businesses through the use of violence, intimidating, or other illegal means; a pattern of illegal activity carried out by a criminal group or syndicate, including but not limited to fraud, murder, extortion, and bribery. See also bribe, bribery, extort, extortion, and fraud.
Variant of racketeer
a person who obtains money illegally, as by bootlegging, fraud, or, esp., extortion
Origin: racket, plush -eer
to obtain money in any of these ways
- racketeering noun