Pronunciation: [ɹˈe͡ɪkɒfs] (IPA) 
The word "rakeoffs" is spelled "rākôfs" in IPA phonetics. It is a plural noun that refers to profits or earnings that are gained by illegal or unethical means. The spelling of this word consists of two syllables. The first syllable is pronounced as "rāk" with the long "a" sound and a hard "k" sound. The second syllable is pronounced as "ôfs" with a long "o" sound followed by a hard "f" sound and a soft "s" sound.
Rakeoffs refer to the proceeds or profits obtained through dishonest or illegal activities, especially in the context of organized crime or corrupt practices. It commonly depicts the illicit gains derived by individuals or groups involved in various forms of illegal enterprises, such as extortion, embezzlement, bribery, smuggling, or money laundering.
Rakeoffs typically involve the exploitation of positions of power or influence, where individuals misuse their authority to illicitly obtain a portion of the profits generated from criminal operations. In these instances, those engaging in illegal activities may enhance their personal wealth or financial status by siphoning off a portion of the illegally acquired funds. Rakeoffs can occur within both public and private sectors, involving officials within governmental bodies or unscrupulous corporate employees.
The term "rakeoffs" can also be used to describe the money, gifts, or other illicit benefits received by corrupt individuals as a result of their actions. It implies the clandestine nature of these gains, often hidden from public knowledge or scrutiny.
Due to its association with illegal activities and unethical behavior, rakeoffs symbolize the erosion of trust in institutions and undermine socio-economic development. Combating rakeoffs typically involves measures such as strengthening legal frameworks, implementing rigorous anti-corruption measures, promoting transparency, and raising awareness about the detrimental consequences of such dishonest practices.
The word "rakeoffs" is derived from the verb "rake off", which dates back to the 17th century. The term "rake" originally referred to a tool used for gathering or collecting, such as a garden rake or a rake used in gambling games to collect chips. The verb "rake off" emerged from this concept of gathering or collecting, particularly with regards to money or benefits.
The exact origin of the term is unclear, but it may stem from the image of physically raking or collecting something off a surface. Over time, "rake off" came to be associated with taking a portion or share of profits or winnings, often in an illicit or improper manner.
The development of "rakeoffs" as a noun likely comes from the noun form of the verb "rake off".
