Definitions for racketeering
This page provides all possible meanings and translations of the word racketeering
engaging in a racket
The criminal action of being involved in a racket.
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.
Sample Sentences & Example Usage
This is a racketeering scheme so audacious it would make the mob blush.
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.
Translations for racketeering
From our Multilingual Translation Dictionary
Get even more translations for racketeering »
Find a translation for the racketeering definition in other languages:
Select another language:
Discuss these racketeering definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"racketeering." Definitions.net. STANDS4 LLC, 2016. Web. 11 Feb. 2016. <http://www.definitions.net/definition/racketeering>.