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English definition of “racketeering”

racketeering

noun [U]     /ˌrækəˈtɪərɪŋ/
the practice of making money from organized illegal activities: In June, the government indicted him on 16 counts of racketeering, bribery, fraud and obstruction of justice. They took part in racketeering activity which included money laundering, wire fraud, and mail fraud.
(Definition of racketeering noun from the Cambridge Business English Dictionary © Cambridge University Press)
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