Racketeering

Racketeering refers to criminal activity that is performed to benefit an organization such as a crime syndicate. Examples of racketeering activity include extortion, money laundering, loan sharking, obstruction of justice and bribery. The Racketeer Influenced and Corrupt Organizations (RICO) Act became U.S. law in 1970, permitting law enforcement to charge individuals or groups with racketeering.

Racketeering is the illegal activity that is inherent to organized crime. These crimes are committed with the protection and advancement of the organized-crime "business" in mind. Racketeering usually refers to continued engagement in criminal activity.


Investment dictionary. . 2012.

Look at other dictionaries:

  • racketeering — rack·e·teer·ing /ˌra kə tir iŋ/ n 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 …   Law dictionary

  • Racketeering — (von engl. Racket, deutsch etwa illegales Geschäft, Gaunerei) umfasst als kriminologischer Begriff insbesondere in den USA illegale Formen der Geschäftsführung, die als Teil der Organisierten Kriminalität aufzufassen sind. Ursprünglichen bezog… …   Deutsch Wikipedia

  • racketeering — racketeer rack‧e‧teer [ˌrækˈtɪə ǁ ˈtɪr] noun [countable] someone who is part of an organization involved in getting money illegally: • a convicted racketeer racketeering noun [uncountable] : • He has admitted fraud and racketeering. * * *… …   Financial and business terms

  • racketeering — An organized conspiracy to commit the crimes of extortion or coercion, or attempts to commit extortion or coercion. From the standpoint of extortion, it is the obtaining of money or property from another, without his consent, induced by the… …   Black's law dictionary

  • racketeering — rack|e|teer|ing [ˌrækıˈtıərıŋ US ˈtır ] n [U] when someone earns money through crime and illegal activities ▪ people involved in smuggling and racketeering ▪ He has been arrested on racketeering charges …   Dictionary of contemporary English

  • racketeering — [[t]ræ̱kɪtɪ͟ərɪŋ[/t]] N UNCOUNT: oft N n Racketeering is making money from illegal activities such as threatening people or selling worthless, immoral, or illegal goods or services. Edwards was indicted on racketeering charges but never convicted …   English dictionary

  • racketeering — noun (U) obtaining money dishonestly by means of a carefully planned system: Keating is awaiting trial on fraud and racketeering charges …   Longman dictionary of contemporary English

  • racketeering — /ˌrækɪ tɪərɪŋ/ noun US the crime of carrying on an illegal business to make money ▪▪▪ ‘…he was charged with 98 counts of racketeering and securities fraud and went on to serve two years in jail. He was banned for life from the securities… …   Dictionary of banking and finance

  • racketeering — racketeer ► NOUN ▪ a person engaging in fraudulent business dealings. DERIVATIVES racketeering noun …   English terms dictionary

  • racketeering — /rak i tear ing/, n. the practice of conducting or engaging in a racket, as extortion or bootlegging. [1925 30, Amer.; RACKETEER + ING1] * * * …   Universalium

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