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The term "racketeering" describes an instance of organized crime in which a person or a group engages in illegal activity with the intention of making money. Extortion, fraud, money laundering, and other types of crime may all be involved in racketeering activities.
The term "racketeering," which is frequently used to describe the actions of such organizations, is primarily linked with organized crime syndicates like the Mafia. Yet, racketeering can also take place on a lesser scale, and it may entail single people or little groups of people participating in criminal activity for financial advantage.
Under the Racketeer Influenced and Corrupt Organizations (RICO) Act, racketeering is a federal offense in the United States. Law enforcement can prosecute people who engage in a pattern of racketeering activity thanks to the RICO Act, which gives them a potent tool to fight organized crime.
