is racketeering the same as money laundering 
money laundering involves cleaning dirty money so that it appears as if it were earned legitimately when it was not money laundering can fall under the umbrella of racketeering if it is part of an organized scheme for how long can you go to jail for racketeering anyone convicted for rico crimes receives a prison sentence of 20 years or more if they commit more serious crimes fines and penalties may also apply 