Meaning of the word racketeer in English

What does racketeer mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

racketeer

US /ˌræk.əˈtɪr/
UK /ˌræk.əˈtɪər/

Noun

a person who engages in illegal and dishonest business activities, often involving violence or threats

Example:
The police arrested the notorious racketeer for extortion.
He was known as a ruthless racketeer in the criminal underworld.