Racketeering Legal Meaning and Definition

Here is a simplified definition of the legal term Racketeering.

Racketeering (noun)

Racketeering is the act of operating an illegal business or scheme, typically managed by an organized group, that is purposefully engaged in continuous criminal activities, like drug trafficking, for profit. This term usually pertains to crimes that involve large, systematic operations, rather than isolated, one-time incidents.