Racketeering

Racketeering refers to the act of conducting illegal business activities, often as part of an organized crime operation. It typically involves a pattern of illegal activity that is committed in furtherance of an enterprise that is involved in illegal activities.

Common examples of racketeering include:

Notable cases involving racketeering:

  • RICO Act (1970): The Racketeer Influenced and Corrupt Organizations Act allows for the prosecution of individuals involved in organized crime, with cases against figures like John Gotti and the Gambino crime family.
  • United States v. Winstar Corp.: This case involved Financial Institutions that engaged in fraud and misleading business practices.