racketeer

[rækɪˈtɪə(r)]

racketeer Definition

a person who engages in dishonest and fraudulent business dealings for personal gain, especially one who organizes such activities.

Using racketeer: Examples

Take a moment to familiarize yourself with how "racketeer" can be used in various situations through the following examples!

  • Example

    The police arrested the racketeer for money laundering.

  • Example

    He was accused of being a racketeer who had been involved in illegal gambling.

  • Example

    The company was run by a notorious racketeer who had a long history of fraud and corruption.

racketeer Synonyms and Antonyms

Synonyms for racketeer

Phrases with racketeer

  • racketeer influenced and corrupt organizations act (RICO)

    a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization

    Example

    The RICO Act was used to prosecute the racketeers involved in the organized crime syndicate.

  • a powerful and influential person who controls illegal business activities

    Example

    The city was ruled by a racketeer baron who controlled all the illegal activities in the area.

  • a form of capitalism characterized by unethical and illegal business practices, such as price fixing, monopolies, and insider trading

    Example

    The book argues that the rise of racketeer capitalism is responsible for the current economic crisis.

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Summary: racketeer in Brief

A 'racketeer' [rækɪˈtɪə(r)] is a person who engages in dishonest and fraudulent business dealings for personal gain, often organizing such activities. It is synonymous with 'swindler,' 'fraudster,' 'con artist,' and 'crook.' Examples include those involved in illegal gambling and money laundering. Phrases include 'racketeer influenced and corrupt organizations act (RICO),' 'racketeer baron,' and 'racketeer capitalism.'