Racketeering

(redirected from Rico in Need of Feform)
Also found in: Dictionary, Thesaurus, Legal.

Racketeering

The crime of engaging in an illegal business. Originally, racketeering referred to forms of extortion, in which one extracted "protection money" from local persons and businesses. The definition has extended to include offenses such as counterfeiting money, securities fraud, and bankruptcy fraud. See also: RICO.