Conman that hits on English queen (9)

I believe the answer is:

racketeer

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'conman' is the definition.
I can't judge whether this definition defines the answer.

'that hits on english queen' is the wordplay.
'that hits' becomes 'racket' (a racket is used to hit balls).
'on' means one lot of letters go next to another.
'english' becomes 'E' (abbreviation).
'queen' becomes 'ER' (abbreviation for Elizabeth Regina).
'racket'+'e'+'er'='RACKETEER'

Can you help me to learn more?

(Other definitions for racketeer that I've seen before include "Wide boy" , "Mafia-type" , "Capone, for one" , "Criminal trader" , "Fraudulent dealer" .)

I've seen this clue in The Independent.

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