Question Details

	Username: PrettyWoman Rating: 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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