Protection_racket Protection_racket

Protection racket - Definition and Overview

Related Words: Armor, Arrest, Assurance, Autarky, Bimetallism, Blackmail, Bribe, Buffer, Charge, Check, Conservation

A protection racket is an extortion scheme whereby a powerful organization coerces individuals or businesses to pay "protection money" which allegedly serves to purchase the powerful organization's protection services against various external threats, whereas the actual threat comes from the powerful organization itself. Those who do not buy into the protection plan are targeted by the powerful organization and are harassed to try to force payment of the protection money.

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