What does "racketeering" mean?

The criminal action of being involved in a racket; especially, directing it.

Racketeering

Common synonyms include: criminal enterprise, organized crime, racketeering offense, racketing, rico offense.

noun, verb

noun, verb ·4 syllables ·Rare ·Advanced level

Noun

1
The criminal action of being involved in a racket; especially, directing it. uncountable, usually
2
engaging in a racket wordnet

Verb

1
present participle and gerund of racketeer form-of, gerund, participle, present

"Nine FIFA officials have been arrested and charged with racketeering and bribery."

Coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters union.