Someone who's guilty of racketeering has been participating in something illegal, most likely organized crime or criminal business dealings.

You can use the noun racket to describe an illegal scheme or plan, and racketeering to mean the act of running or engaging in a racket. The word comes up most often when someone is being accused or arrested or convicted of this type of criminal activity. The root of both racket and racketeering is probably racquet, with its connection to the idea of a game.

Definitions of racketeering
  1. noun
    engaging in a racket
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    type of:
    a serious crime (such as murder or arson)
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