Word: racketeer
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...newest and least-known rackets in the U.S. today is the traffic in stolen, counterfeit, outdated and smuggled, substandard drugs. An honest pharmacist may unwittingly buy them from an apparently legitimate wholesaler. A crooked druggist may seek them out. So far, no regulatory agency has been able to determine how many of the billion or more prescriptions handled annually by U.S. pharmacists are filled with substandard items. But the racket is growing, and with it, the potential danger to unsuspecting patients...
...third set was as exciting as it was long. At 11-all, Levin held three break points on Hoeveler's serve but failed to capitalize. Then at 12-all, deuce, Levin broke Hoeveler with two cross-court passing shots that the Indian star could not lay a racket on. The tall Californian survived several deuces on his own serve to win the set match...
...type of operation that obviously needed investigation in the late 1950s was the home-repair racket. Fast-buck operators would talk a homeowner into making improvements such as installing a new heating system or aluminum siding. The owner signed a credit agreement. The work, usually cheap and shoddy, got done and the fast-buck men sold the credit agreement at a discount to a broker, commercial finance firm or a bank. If too many angry and defrauded homeowners threatened, the company simply folded. It was a business particularly vulnerable to bad publicity, and Karafin and Scolnick said...
...thinking, a Karafin story appeared in the Inquirer under an eight-column headline, warning Philadelphians that house-repair frauds were spreading. "High pressure salesmen" were preying on "unwary home owners." A spokesman for the Better Business Bureau was quoted as saying that "the only way to stop this racket is to expose it." Scolnick and Karafin again dropped around to see Py, found him convinced. Py wrote two checks, one for $3,000 and another for $2,000. Thereafter, Karafin stopped by Py's office every Monday morning for a regular retainer check. Over the next four years...
...company promises to "make tennis big business" in the manner, if not with the mania, of James Bond and Batman. In return for royalties, manufacturers will be licensed to stick "USLTA" and "Davis Cup Team" endorsements on everything from sweat socks to sunglasses. This newest type of tennis racket was proposed by Licensing Corp. President Allan Stone, 43, who won the skeptical USLTA over by arguing that 1) the U.S. Olympic Committee has endorsed Chap Stick and other items, and 2) the royalties should reach $250,000 within two years. Says USLTA President Robert J. Kelleher: "We never really knew...