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Question
match the definition: operating an illegal business or scheme to obtain money via extortion, loansharking, bribery, or other criminal methods. the gambino crime family in nyc still engages in racketeering schemes like infiltrating labor unions and construction contracts.
racketeering
money laundering
extortion
bribery
other.
match the definition: concealing the source of illegally obtained funds by hiding it within legal businesses. russian oligarchs use luxury real - estate purchases in london and nyc to launder illicit funds.
racketeering
money laundering
extortion
bribery
other.
- Racketeering involves operating an illegal business or scheme using criminal methods like extortion, loansharking, etc. The example of the Gambino crime family infiltrating labor unions and construction contracts aligns with racketeering.
- Money - laundering is the act of concealing the source of illegally obtained funds by hiding them within legal businesses, as illustrated by Russian oligarchs using luxury real - estate purchases to launder illicit funds.
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- A. Racketeering
- B. Money Laundering