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Username: PrettyWoman

Rating:
Guru Stars

Asked to: Anton Luyten

Date Created: 14 Dec 2018
Category 28
Tag Financial
Question What is Racketeering?
Advice from Guru
Hi PrettyWoman,

Racketeering refers to crimes committed through extortion or coercion. A racketeer attempts to obtain money or property from another person, usually through intimidation or force. The term is typically associated with organized crime.

The law defines 35 different offenses that constitute racketeering in the U.S. The list includes gambling, kidnap, murder, arson, drug dealing and bribery. Convicted racketeers can serve up to 20 years in prison, in addition to paying a fine of up to $25,000.

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