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Simple English definitions for legal terms
racketeer
Read a random definition: Department of the Treasury
A quick definition of racketeer:
Term: RACKETEER
Definition: A racketeer is someone who participates in illegal activities, such as fraud, extortion, or bribery, to make money. They often operate as part of a larger criminal organization and use violence or threats to achieve their goals. Racketeering is a serious crime that can result in imprisonment and fines.
A more thorough explanation:
Definition: A racketeer is a person who engages in racketeering, which is the act of conducting illegal business activities for profit.
For example, a person who runs an illegal gambling operation or participates in organized crime activities such as extortion or money laundering can be considered a racketeer.
The term "racketeer" is often associated with the Racketeer Influenced and Corrupt Organizations (RICO) Act, which is a federal law that allows for the prosecution of individuals involved in organized crime.
Overall, a racketeer is someone who profits from illegal activities and engages in criminal behavior for financial gain.