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racketeering

WIKTIONARY

racketeering

Noun

∙ The criminal action of being involved in a racket.

Verb

∙ present participle of racketeer

racketeer

Noun

∙ one who commits crimes (especially fraud, bribery, loansharking, extortion etc.) to aid in running a shady or illegal business.
∙ one who instigates or has involvement with a racket.

Verb

∙ to carry out illegal business activities or criminal schemes.
∙ to commit crimes systematically as part of a criminal organization.