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racketeering
Commercial Law
implementing and executing a dishonest or illegal scheme in order to make money. (Such an enterprise is called a racket.) Examples are extortion, tax evasion, taking illegal bets and bribing public officials.
Employment Law
In organized labor, examples are collusion between union officials and employers in writing contracts, coercion and intimidation of employers to accept union terms, misappropriation of pension and strike funds for private gain by union officials.
Source : LawyerIntl.com
Language : English