Racketeering Definition
noun
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.
Webster's New World Law
The criminal action of being involved in a racket.
Wiktionary
verb
Present participle of racketeer.
Wiktionary
Origin of Racketeering
-
Coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters union.
From Wiktionary
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