Protection Racket

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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 ?
For most people it should be timed to coincide with your normal retirement age, on the basis that if you have to give up work today because of illness and never go back then your pension can begin at your normal retirement age and so income protection payments could end then.
While during the 2008-09 crisis an increase in poverty was averted by large increases in public sector wages, pensions and social protection payments, continued progress towards reducing poverty and promoting shared prosperity should be supported in a fiscally sustainable way, by maintaining macroeconomic stability, fostering strong private-sector led growth and improving the efficiency of public programs.
Self-defence groups started to spring up in February 2013, to fight the Knights Templar drug cartel which is extorting protection payments from cattlemen and lime growers, butchers and even marijuana growers
The neighbors say that if a shop owner does not give Abu Shafar money, he would break into the store or set it on fire at night so that the owner understands that he is serious about protection payments.
Dora Luz Enrique Sanchez was in charge of protection payments for the Zetas and the Gulf cartel when the two organizations were allies.
Credit protection payments by ABFA members to their clients have also continued to decline, dropping by 27 per cent over the last year to total [pounds sterling]4.9 million ($7.7 million), consistent with the UK wide trend of lower default rates on loans and a stable rate of write offs.
Specifically, the Jerusalem Post reports, the JDL issued death threats against 2Pac and then sent intermediaries to demand protection payments. The files do not offer evidence that the JDL was responsible for 2Pac's 1996 murder in Las Vegas, though undoubtedly that question will now be raised.
The report by the subcommittee's Democratic staff called protection payments "a significant potential source of funding for the Taliban," citing numerous documents, incidents reports and emails that refer to attempts at Taliban extortion along the road.
The House Subcommittee for National Security that began the investigation last year discovered that the money given to these Afghan warlords amounts to little more than mafia-style protection payments.
In addition, Barker was getting income protection payments from his previous employer and a small private pension, which he had also failed to declare.
Pinnacle Point Properties filed a motion as the debtor-in-possession to use cash collateral of Chambers to establish protection payments on the Walsh building.
The extremist group extorts money from poppy farmers and heroin traffickers involved in Afghanistan's booming drug trade and demands protection payments from Afghan businesses.
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