racketeer

/R AE0 K IH0 T IH1 R/
noun
  1. 1

    One who commits crimes (especially fraud, bribery, loansharking, extortion etc.) to aid in running a shady or illegal business.

  2. 2

    One who instigates or has involvement with a racket.

verb
  1. 1

    To carry out illegal business activities or criminal schemes.

  2. 2

    To commit crimes systematically as part of a criminal organization.

Source: https://en.wiktionary.org/wiki/racketeer