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Article: Racketeering
- Article from:
- West's Encyclopedia of American Law
CopyrightCOPYRIGHT 2005 The Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RACKETEERING
Traditionally, obtaining or extorting money illegally or carrying on illegal business activities, usually by
organized crime
. A pattern of illegal activity carried out as part of an enterprise that is owned or controlled by those who are engaged in the illegal activity. The latter definition derives from the federal Racketeer Influenced and Corruption Organizations Act (RICO), a set of laws (18 U.S.C.A.
§
1961 et seq. [1970]) specifically designed to punish racketeering by business enterprises.
Racketeering, as it is commonly understood, has always coexisted with business. In the United States, the term racketeer was synonymous with members of organized-crime ...
Related newspaper, magazine, and journal articles:
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Article: INFORMATION ISSUED BY U.S. ATTORNEY'S OFFICE FOR THE EASTERN ...
US Fed News Service, Including US State News;
March 23, 2006 ;
700+ words
... ... exploited their affiliation with organized crime to control and discipline ... The association between organized crime figures and stock manipulation ... forfeiture of the proceeds of the racketeering activity, including five houses and ...
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