From Longman Dictionary of Contemporary Englishracketeerrack‧e‧teer /ˌrækəˈtɪə $ -ˈtɪr/ noun [countable] SCsomeone who earns money through crime and illegal activities
Examples from the Corpus
racketeer• Gangsters and racketeers gained a hold on sections of the urban paramilitary organisations quite early.• His complexion evokes the onetime Cleveland racketeer, Waxy Gordon.• All the gangster wanted in return was for Porter to open the city to Eastern racketeers.• In later years, Jenner also represented Chicago labor racketeer Allen Dorfman.• The racketeers are mixed up with phases of the city government just like a regular Class A City.From Longman Business Dictionaryracketeerrack‧e‧teer /ˌrækəˈtɪə-ˈtɪr/ noun [countable] someone who is part of an organization involved in getting money illegallya convicted racketeer —racketeering noun [uncountable]He has admitted fraud and racketeering. 