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 ?
He said "I've had the racket valued at PS10,000 but I suppose I would accept PS5000."
PowerAngle Rackets can be purchased online at PowerAngle.net or by phone at (914) 472-7271.
Ruskovska told DW that she had not yet got in touch with any prosecutors from the SPO in regard to the Racket case or the Empire case which is directly related to it.
Other people involved in the same work visa racket were convicted.
a standard carbon fiber racket. The Sonic Core technology can be found in Dunlop's next generation CX racket series.
The six-times Grand Slam champion said he had taken his rackets on board until a recent change in policy.
Racket sports also offer something that few other sports do--lateral movement.
The meat racket was busted last month after authorities raided animal dump yards in Budge Budge and a few other places.
LAHORE:Lahore police arrested several alleged bookmakers onFriday for running gambling rackets and betting on the ongoing matches of Indian Premier League (IPL).According to details, two suspected betting rackets were busted in separate areas of the provincial capital.
He also revealed he changed his racket earlier in the year which he believes will make a significant impact on his game as he continues to get used to it.
SENATE Blue Ribbon probers on Tuesday bared an P8.7-billion road right-of-way (ROW) racket in General Santos City, unmasking members of the syndicate behind the multibillion-peso racket.