racketeer /ˌɹækɪˈtɪə(ɹ)/noun 2verb 2forms 3 noun2 •One who commits crimes (especially fraud, bribery, loan sharking, extortion etc.) to aid in running a shady or illegal business. •One who instigates or has involvement with a racket. verb2 •to carry out illegal business activities or criminal schemes. •to commit crimes systematically as part of a criminal organization. formsracketeered · racketeering · racketeers