illegitimate enterprise

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Noun

illegitimate enterprise - an illegal enterprise (such as extortion or fraud or drug peddling or prostitution) carried on for profit

fraudulent scheme, racket

endeavor, endeavour, enterprise - a purposeful or industrious undertaking (especially one that requires effort or boldness); "he had doubts about the whole enterprise"

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References in periodicals archive ?

He also called on the Higher Defense Council to convene in order to assess the security risk, and for the Finance Ministry to study the amount of money that had been lost to the illegitimate enterprise.

Fadlallah, Harb decry fast Internet caper

What we did not do, however, was to announce early on and repeatedly that all was lost, that nothing could be done, and that the whole thing was an illegitimate enterprise bound for failure.

Cynical media is not playing fair: "... When it comes to the exercise of American power in the world, particularly military power, there seems to be a suspicion among those in the media--indeed, a suspicion bordering on a presumption--of illegitimacy, incompetence, and ineffectiveness."

Without sharing emerging trends, typologies, and behavioral transaction anomalies, enforcement entities may miss key components of the money laundering methodologies employed by illegitimate enterprises.