Protection Racket

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Related to Protection Rackets: Protection money

Protection Racket

The practice in which businesses and/or individuals in an area periodically pay money to an organized crime syndicate in return for freedom from harassment. In other words, when the money is paid, the syndicate will protect businesses from acts of violence from other groups (or from the syndicate itself).
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In an interview, he said protection rackets had resurfaced and admitted less than 10 years ago, "leading police figures believed the sale of alcoholic drinks through blackmail and threats was free trade ."
The man, in his early 40s, claimed he led a well- oiled cow protection racket across the state.
In effect, they agreed to divide the country into spheres of control for the racecourse protection rackets.
They started protection rackets in the East End after taking over a snooker club, and steadily expanded their empire.
The paper said the money was said to come from protection rackets, taxes imposed on opium farmers, donors in the Gulf states who channel money through Dubai and from the senior Taliban leadership in Pakistan.
Focusing on illicit drugs, we argue that institutions of protection, especially what we call state-sponsored protection rackets, help explain varying levels of violence within and across illicit markets.
DIRECTORS of a Merseyside security company were today charged by police investigating rogue firms and protection rackets.
Whether fuelled by supplying drugs, smuggling counterfeit goods, protection rackets, money-laundering and frauds, too many end up living a life of luxury.
In addition to controlling interests in numerous oil and natural gas companies and the role it plays in dubious "buy-back" deals with regional governments in the former Soviet republics, NaftaSib is involved in what Ames calls "security" deals--what students of the American underworld would call "protection rackets." Many of the firm's top managers, Ames reports, are siloviki--a Russian term referring to "hard" or "powerful" figures connected to Soviet-era internal security and intelligence agencies, particularly the GRU (Russian military intelligence) and KGB.
Ottavius Sabini was infamous for terrorising dog tracks and race courses through a series of blackmail, extortion and protection rackets.
The clashes are mostly triggered over protection rackets targeting nightclubs, bars and karaoke cafes operated by soldiers and policemen.
A Birmingham Chinese community insider said: 'The gangs operate protection rackets, money laundering, and money lending.
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