What does racketeering mean?

Definitions for racketeering
rack·e·teer·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word racketeering.

Princeton's WordNet

  1. racketeeringnoun

    engaging in a racket

Wiktionary

  1. racketeeringnoun

    The criminal action of being involved in a racket.

ChatGPT

  1. racketeering

    Racketeering refers to a range of illegal activities carried out by an organized group or syndicate. This can include things like extortion, loan sharking, bribery, illegal gambling, trafficking, and fraud. The purpose of racketeering is usually to earn illicit profits or control a particular market. It's seen as a significant organized crime issue and is penalized under laws like the Racketeer Influenced and Corrupt Organizations (RICO) Act in the United States.

Wikidata

  1. Racketeering

    A racket is a service that is fraudulently offered to solve a problem, such as for a problem that does not actually exist, will not be affected, or would not otherwise exist. Conducting a racket is racketeering. Particularly, the potential problem may be caused by the same party that offers to solve it, although that fact may be concealed, with the specific intent to engender continual patronage for this party. A prototype is the protection racket, wherein a person or group indicates that they could protect a store from potential damage, damage that the same person or group would otherwise inflict, while the correlation of threat and protection may be more or less deniably veiled, distinguishing it from the more direct act of extortion. Racketeering is often associated with organized crime, and the term was coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters union.

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Numerology

  1. Chaldean Numerology

    The numerical value of racketeering in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of racketeering in Pythagorean Numerology is: 8

Examples of racketeering in a Sentence

  1. Anthony DeStefano:

    I'm not saying the mob can't do anything or can't hurt you, but the big rackets have been sort of tied up by the feds and the police. They don't exist. The big labor racketeering rackets, the big concrete syndicates, the big garment industry rackets don't exist anymore. You have local businesses, like the restaurants, maybe an auto body shop, that could be muscled by the mob. That's where it still works. But the old-time stuff, forget it.

  2. Randy Mastro:

    This is a racketeering scheme so audacious it would make the mob blush.

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racketeering#10000#63921#100000

Translations for racketeering

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"racketeering." Definitions.net. STANDS4 LLC, 2024. Web. 21 Nov. 2024. <https://www.definitions.net/definition/racketeering>.

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