Bagman
From Wikipedia, the free encyclopedia
For the arcade game, see Bagman (arcade game).
A bag man (or bagman) is a person designated to collect money in a protection racket. Originally the term applied only to Mafia members collecting for mob bosses, but the term later spread to use in corrupt police precincts where a foot patrolman was the designated "bagman" to pick up and deliver bribes from the local mob(s) to the precinct captain. In many cases, the bagman receives a fraction of the money collected. In many cases, the bagman acts as "insulation" to protect higher-ups from exposure or direct prosecution.
The term is also used pejoratively to describe fundraisers for political parties and employees of the IRS.