Racketeering vs. Profiteering — What's the Difference?

Racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a racket) to repeatedly or consistently collect money or other profit. According to the current common and most general definition, racketeering is an organized criminal act or activity in which the criminal act or activity is some form of substantial business, or a way to earn illegal money either regularly, or briefly but repeatedly.

One who makes excessive profits on goods in short supply.

A person who engages in an illegal business or other organized illegal activities.

To make excessive profits on goods in short supply.

To engage in an illegal business or other organized illegal activities.

The act of making an unreasonable profit not justified by the corresponding assumption of risk, or by doing so unethically or opportunistically.

The criminal action of being involved in a racket.

Present participle of profiteer

Present participle of racketeer

Engaging in a racket