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racketeering

Racketeering is a set of illegal activities aimed at commercial profit that may be disguised as legitimate business deals. Racketeering is defined by a coordinated effort by multiple people to repeatedly earn a profit. Typically, by fraud , extortion , bribery , threats, violence, or other illegal means. (See 18 U.S.C. § 1961 )

The Racketeer Influenced and Corrupt Organization Act (RICO) is the primary law that outlines and criminalizes racketeering activities.

Examples of racketeering activity may include: money laundering , drug trafficking , or other forms of organized crime.

[Last reviewed in August of 2023 by the Wex Definitions Team
]

Wex

• COMMERCE

• commercial activities

• consumer protection

• criminal law

• wex definitions

• commercial transactions

• criminal law and procedure