Racket

(redirected from rackety)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to rackety: Rackett, rickety

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 ?
If your image of ATVs (All-Terrain Vehicles) is a gang of adolescent Yay-hoos tearing up your woods on rackety, smoke-and-spark-bellowing motor-trikes, you're way behind the times.
In this rackety environment, it is not surprising that of the fifty-four radio stations on the raucous FM band in New York City, headquarters of the nation's classical music establishment, only two regularly schedule classical music, WNYC and WQXR.
That, and the choking sense of confinement, as if he had stepped underground, must have confused his senses or he would surely have been aware of the man's breathing, and of course the moment he was--it was rackety, broken with phlegm, or perhaps his chest was injured--he made the fellow out, an agglomeration of rags with its knees drawn up, in which he distinguished, as his eyes adjusted, hands clasped over the knees, bare feet drawn together, a brow gleaming with sweat, though nothing as yet of the features beneath.
someday when we are very old, have grandchildren, and you look back upon this rackety free-lance life you've led from the advantage of comfortable home and family we've built together, you will thank me.
Born into a musical family in 1760 in Caslav, Bohemia, he spent his somewhat dissolute, rackety life in several different countries; he is said to have met C.
Only the lonely threshers of the sky, in our rackety little machines--only we have seen and touched this kind of happiness.
Phelan, too, reworks the bridge metaphor through misunderstanding: It is in the attempt to walk (and live) on the rackety bridge between self and other --and not the attempt to arrive at one side or another--that we discover real hope.
Major's government to participation in the rackety ERM which again had the effect of deepening and prolonging the present depression unnecessarily.
He then takes his audience to "the quiet at the center of all that rackety good stuff" What he finds there is "a sense of belonging--belonging to each other and to an idea--that makes this outfit of ours truly wonderful and unique" Longtimers in the NCHC will know exactly what Herron is talking about; newcomers surely left the conference with a feel for it; and both groups will recognize the singularity of this feeling among the wide array of their other professional organizations: the feeling of "belonging to something that calls us out of ourselves "
For all its supposed modernity, theatre, like politics, is still a gloriously rackety old profession" - Actor Michael Simkins "It was a catastrophic mistake for me.
Then the Rickety Rackety bridge over the Umzimkulu where one expected a train from the other direction to dash you into the brown water beneath.
The writer described a "louche, rackety character" of "questionable morals", who "appeared to struggle to distinguish truth from fiction".