noun
a dishonest scheme, trick, or activity, especially one intended to make money
verb
to make a loud and disturbing noise
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The police were able to dismantle the illegal gambling rackets operating in the city.
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I heard that there are some shady rackets going on in that neighborhood.
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The mob boss was running some serious rackets in the city.
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The company's unethical business practices were seen as a racket by many.