Racket

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Racket

1. A fraudulent or otherwise illegal business practice. For example, a Ponzi scheme is a racket because no service is offered: new investors simply pay old investors.

2. A company that engages in illegal or fraudulent activities.
References in periodicals archive ?
Consider what this means: a fully legalised and officially sanctioned policy of 'benign neglect' towards a clear racket.
Mike realized that it is quite difficult to find a tennis racket online that would best suit his playing style.
And he's taking advantage with his London-based racket sports coaching business.
Impact probability distribution, sweet spot, and the concept of an effective power region in tennis rackets.
The police are investigating to track the real culprits behind the racket.
The LT12 racket was inspired by his belief that true victory was to remain elegant whatever the effort; it reinvented the traditional racket by combining wood and graphite for the first time.
Ben Gudzelak, Head of Racket Sports at Hudderseld LTL &SC, said: "We are really excited to be running an open day as part of the Great British Tennis Weekend.
One such intelligent racket is already on sale in the United States and will be launched in Europe in May.
Many unskilled persons working in the Gulf are suspected to be easy victims for smuggling rackets and offer their services to smuggle gold, risking their future.
The specifications of these rackets were measured after the rackets were strung (250 N) and grip tape applied, as well as after the video markers were pasted on the racketframe.
A 50 foot high tennis racket, believed to be the world's largest, has been built in New York.
He did not have time to check in the rackets for pounds 40 and was told they would be destroyed.