Crossword Genius

Black marketeer dignitaries turned around (4)

Ross

I believe the answer is:

spiv

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'black marketeer' is the definition.
(I've seen this before)

I don't understand the rest of the clue.

Can you help me to learn more?

(Other definitions for spiv that I've seen before include "Person living off various dubious schemes" , "Swindler" , "shady character" , "Black marketer" , "Flashy fellow who sells dodgy goods" .)

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