Bagman

For other uses, see Bagman (disambiguation).

A bagman (or bag man) is a person designated to collect and/or distribute illicitly gained money ("dirty money"), such as bribes to public officials or money that is collected in a criminal enterprise, such as a "protection racket," or an intermediary in such transactions. Also a (mainly) British term for a traveling salesman. The first known use of the term occurred in 1765.[1]

A bagman may also be known as a delivery boy or running man, and he may receive a fraction of the money collected. The term may also apply to a person who performs small tasks for those involved in organized crime, such as chauffeuring or transporting goods.

The term is sometimes used in other contexts involving controversial money transactions.[2][3]

References

  1. ↑ "Bagman," merriam-webster.com. Retrieved 2015-05-07.
  2. ↑ "Nigel Wright’s role as party bagman deserves scrutiny: McQuaig". Toronto Star. 4 June 2013.
  3. ↑ "Iran and Argentina: The Defectors’ Tale: O'Grady". The Wall Street Journal. 22 March 2015.
This article is issued from Wikipedia - version of the Monday, April 04, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.