racketeering

n. engaging in organized crime (such as blackmail, bootlegging, smuggling, etc.)

v. engage in organized crime (such as blackmail, bootlegging, smuggling, etc.)

A racket is an illegal business, usually run as part of organized crime. Engaging in a racket is called racketeering.Several forms of racket exist. The best-known is the protection racket, in which criminals demand money from businesses in exchange for the service of "protection" against crimes that the racketeers themselves instigate if unpaid. A second well known example is the numbers racket, a form of illegal lottery.
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Noun
1. engaging in a racket
(hypernym) felony
(derivation) racketeer

Noun
1. some who commits crimes for profit (especially one who obtains money by fraud or extortion)
(hypernym) criminal, felon, crook, outlaw, malefactor
(hyponym) bagman
(member-holonym) underworld
Verb
1. carry on illegal business activities involving crime
(hypernym) conduct, carry on, deal
(derivation) racketeering

racketeering
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