rack ‧ e ‧ teer ‧ ing /ˌrækəˈtɪərɪŋ, ˌrækɪˈtɪərɪŋ $ -ˈtɪr-/ BrE AmE noun [uncountable]
when someone earns money through crime and illegal activities:
people involved in smuggling and racketeering
He has been arrested on racketeering charges.
rack ‧ e ‧ teer ‧ ing /ˌrækəˈtɪərɪŋ, ˌrækɪˈtɪərɪŋ $ -ˈtɪr-/ BrE AmE noun [uncountable]
when someone earns money through crime and illegal activities:
people involved in smuggling and racketeering
He has been arrested on racketeering charges.
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012