racketeering

/R AE0 K IH0 T IH1 R IH0 NG/
verb
  1. 1

    To carry out illegal business activities or criminal schemes.

  2. 2

    To commit crimes systematically as part of a criminal organization.

noun
  1. 1

    The criminal action of being involved in a racket.

Source: https://en.wiktionary.org/wiki/racketeer, https://en.wiktionary.org/wiki/racketeering