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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OUTSPOKEN Paphos Mayor Phedonas Phedonossaid Wednesday that organised crime was so powerful that even water being sold in Nicosia's main shopping streets were part of a huge protection racket being run by the island's underworld gangs with the full knowledge of the police.
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.
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.
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.
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.
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