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Racketeering is the act of acquiring a business through illegal activity, operating a business with illegally-derived income, or using a business to commit illegal acts. Racketeering is making money from illegal activities such as threatening people or selling worthless, immoral, or illegal goods or services.Racketeering refers to organized criminal activities that use coordinated schemes to make money, often through extortion, fraud or coercion. Someone who's guilty of racketeering has been participating in something illegal, most likely organized crime or criminal business dealings. Racketeering involves well-organized groups of people conducting a pattern of illegal business activities for profit. Racketeering, engaging in a pattern of illegal scheming and activity for profit. Racketeering is any illegal activity that's done repeatedly to make a profit, often through threat or use of violence. Racketeering is any illegal activity that's done repeatedly to make a profit, often through threat or use of violence. Racketeering is term used to refer to crimes committed through extortion or coercion. Federal law defines racketeering as any number of state and federal criminal offenses.