Meaning of the word racketeering in English

What does racketeering mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

racketeering

US /ˌræk.əˈtɪr.ɪŋ/
UK /ˌræk.əˈtɪə.rɪŋ/

Noun

dishonest and fraudulent business dealings

Example:
The police investigated the organized crime group for racketeering.
He was charged with multiple counts of racketeering.
Related Word: