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Definition of '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.
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Investopedia explains '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.
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Search results for 'Racketeering'
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http://financialedge.investopedia.com/financial-edge/0709/Notorious-White-Collar-Criminals-Where-Are-They-Now.aspx
... as the "Junk Bond King", Milken was found guilty on 98 counts spanning a wide range
of infractions including securities fraud, tax evasion and racketeering. ...
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http://www.investopedia.com/articles/bonds/05/JunkBondRisk.asp
... In 1989, Rudy Giuliani (then the US Attorney General of New York) charged Milken
under the RICO Act with 98 counts of racketeering and fraud. ...
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