racketeer rack‧e‧teer [ˌrækˈtɪə ǁ -ˈtɪr] noun [countable]
someone who is part of an organization involved in getting money illegally:
• a convicted racketeer
— racketeering noun [uncountable] :
• He has admitted fraud and racketeering.
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racketeer UK US /ˌrækəˈtɪər/ noun [C]
► someone who makes money from organized illegal activities: »
He achieved worldwide notoriety as a racketeer during the prohibition era in Chicago.
Financial and business terms. 2012.