racketeer

racketeering | American Dictionary

racketeering
noun[ U ]
us/ˌræk·ɪˈtɪər·ɪŋ/
the act or practice of making money through dishonest or illegal activities:
He now faces 20 years in prison after pleading guilty to conspiracy and racketeering charges.

racketeering | Business English

racketeering
noun[ U ]
uk /ˌrækəˈtɪərɪŋ/us
the practice of making money from organized illegal activities:
In June, the government indicted him on 16 counts of racketeering, bribery, fraud and obstruction of justice.
They took part in racketeering activity which included money laundering, wire fraud, and mail fraud.