1 : confused clattering noise : clamor. 2a : social whirl or excitement. b : the strain of exciting or trying experiences. 3a : a fraudulent scheme, enterprise, or activity.
Similarly one may ask, what is a drug racket definition?
an illegal or dishonest way of making money: He is alleged to have taken part in a racket involving bogus brokers who fleeced hundreds of investors in the US. a drugs racket. See also. extortion racket.
Thereof, what is an illegal racket?
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.
Why is a noise called a racket?
The French word requette means “palm of the hand,” and racquet originally referred to a tennis-like game played by hitting a ball with the hand.
It is usually used in reference to patterns of illegal activity specified in the Racketeer Influenced and Corrupt Organizations Act (RICO). This is a U.S. federal law that makes it illegal to acquire or control a business through certain crimes or income from those crimes.
Under the RICO statute, the maximum penalty for racketeering includes a fine, and up to 20 years in federal prison. An individual may also have to turn over illegal profits or other property gained from racketeering. In addition, the criminal penalties for the alleged criminal activities may also apply.
Racketeer Influenced and Corrupt Organization Act
Racket is the standard spelling of the word. Racquet is an alternative spelling used more commonly in certain sports (squash, racquetball, badminton) and less commonly in others. The International Tennis Federation uses racket exclusively.
Badminton is the most played racket sport in the world. It is very popular in Asia, in countries like China, Singapore, India and Thailand. In comparison to any other sport, badminton is the second most played sport in the world. Badminton was originated in India and brought to England by its military around 1870.