(usually uncountable, plural racketeerings)
- The criminal action of being involved in a racket.
- Present participle of racketeer.
Coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters union.
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.