Racket

Racket refers to a fraudulent scheme or illegal business operation, often involving extortion, bribery, or coercion, to obtain money or other benefits. In the context of the headlines, it specifically refers to the criminal charges of racketeering conspiracy brought against the technology company Huawei by US prosecutors.

Why it’s in the news: It is in the news because Huawei is on trial in the United States on charges of racketeering and conspiring to steal trade secrets from American companies.

Latest on Racket

• Huawei racketeering trial enters second day of testimony
• Huawei’s US racketeering trial opens with prosecutors calling it a criminal enterprise
• Racketeering conspiracy trial against Chinese tech giant Huawei begins in New York
• Huawei goes on trial in US for racketeering after nearly decade of litigation
• California sues Trump administration over offshore wind ‘extortion racket’
• How the Philippines missed a Korean gambling racket worth US$3.8 billion

Connections

3 entities linked to Racket across the news graph.