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
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.
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.
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.'
