Dodge seeing raincoat's lifted (4)
I believe the answer is:
scam
'dodge' is the definition.
(thesaurus)
'raincoat's lifted' is the wordplay.
'raincoat's' becomes 'macs' (mac is a kind of raincoat).
'lifted' is a reversal indicator (going up in down clue).
'macs' reversed gives 'SCAM'.
'seeing' is the link.
(Other definitions for scam that I've seen before include "ploy" , "Fraudulent scheme, swindle" , "Swindle (sl.)" , "Swindle, fraud (colloq.)" , "Fraudulent business scheme" .)