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racketeer

noun

  1. person engaged in running an illegal business
L326286 on Wikidata ↗

verb

  1. engage in an illegal scheme
L332664 on Wikidata ↗

Wiktionary

Pronunciation: /ˌɹækɪˈtɪə(ɹ)/

noun

Etymology: From racket + -eer.

  1. One who commits crimes (especially fraud, bribery, loan sharking, extortion etc.) to aid in running a shady or illegal business.
  2. One who instigates or has involvement with a racket.

verb

Etymology: From racket + -eer.

  1. to carry out illegal business activities or criminal schemes.
  2. to commit crimes systematically as part of a criminal organization.