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).
References in periodicals archive ?
In a judgment in the Court of Session in 2012, Judge Lady Stacey said Stirton had a criminal empire based on fraud, drugs, a protection racket and money-laundering through car sales and a petrol station.
They were involved in a number of turf wars, and Reggie Kray spent 18 months in prison at the start of the 1960s for running a protection racket and related threats.
Whether fuelled by supplying drugs, smuggling counterfeit goods, protection rackets, money-laundering and frauds, too many end up living a life of luxury.
Ottavius Sabini was infamous for terrorising dog tracks and race courses through a series of blackmail, extortion and protection rackets.
In America the Mafia has been held responsible for illegal booze, gambling, prostitution and protection rackets.
The clashes are mostly triggered over protection rackets targeting nightclubs, bars and karaoke cafes operated by soldiers and policemen.
In Los Angeles and surrounding cities, they are an army with an estimated 80,000 soldiers financed by the retail dope trade, protection rackets and thievery.
A Birmingham Chinese community insider said: 'The gangs operate protection rackets, money laundering, and money lending.
It is believed that the planned murder is linked with to gambling and protection rackets.
The deadly Yakuza gang has a strict code of conduct and specialises in protection rackets and prostitution rings.
A judge praised the Sunday Mail three years ago for exposing Scotland's security firm protection rackets as he jailed Rodden for a violent vendetta.
DIRECTORS of a Merseyside security company were today charged by police investigating rogue firms and protection rackets.
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