Racketeering is the acquisition of a business through illegal activities, the conduct of a business with illegal income, or the use of a business to commit illegal activities.
In October 1970, the US government passed the Racketeer Influenced and Corrupt Organizations Act to deter racketeering.
Racketeering can be prosecuted at the state or federal level.
Federal crimes related to racketeering include bribery, gambling, money laundering, obstruction of justice or criminal investigation, and murder for hire.
At the state level, racketeering includes crimes such as murder, kidnapping, gambling, arson, robbery, bribery, extortion, obscenity and drug-related crimes.
Black money includes all funds earned as a result of illegal activities, as well as other legitimate income that is not taken into account for tax purposes.
A boiler room is a scheme in which sellers use high-pressure selling tactics to persuade investors to buy securities, including speculative and fraudulent securities.
Channel stuffing refers to the practice of a company supplying more products to distributors and retailers through a distribution channel than end users can purchase in a reasonable amount of time.
A High Yield Investment Program (HYIP) is a fraudulent investment scheme that aims to generate extremely high returns in excess of 100% on investments.
A letter scam in Nigeria is a scheme in which a sender offers someone a commission - usually via email - for helping them transfer a large amount of money.
A fraudulent trader is an employee of a financial firm who engages in unauthorized, often high-risk activities that result in large losses for the firm.