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A protection racket is a type of racket and a scheme of organized crime perpetrated by a potentially hazardous organized crime group that generally guarantees protection outside the sanction of the law to another entity or individual from violence, robbery, ransacking, arson, vandalism, and other such threats, in exchange for payments at regular intervals.
Extortion is sometimes called the "protection racket" because the racketeers often phrase their demands as payment for "protection" from (real or hypothetical) threats from unspecified other parties; though often, and almost always, such "protection" is simply abstinence of harm from the same party, and such is implied in the "protection" offer.
A protection racket is a form of extortion whereby racketeers offer to "protect" property from damage in exchange for a fee, while also threatening (possibly in a veiled way), in part or in whole, to execute the kind of damage they claim to be offering protection against. A fencing racket is an operation specializing in the resale of stolen goods.
Black Hand symbol A New York Police Department wanted poster for Black Hand activity, 1910. Black Hand (Italian: Mano Nera) was a type of Italian extortion racket. Originally developed in the eighteenth century, Black Hand extortion was exported to the United States in the later nineteenth century with Italian immigrants.
Several high-ranking officers of the department, including Deputy Police Chief Raymond Cassamayor, were arrested on federal charges of running a protection racket for illegal cocaine smugglers. [25] At trial, a witness testified he routinely delivered bags of cocaine to the Deputy Chief's office at City Hall. [26]
In the Encyclopedia of Violence, Peace, & Conflict, Jon D. Wiseman points out that a state's monopoly on violence is conferred by the people of that state in exchange for protection of their person and property, which in turn grants states the ability to coerce and exploit people through, for example, taxation.
Racket may refer to: Racket (crime), a systematised element of organized crime Protection racket, a scheme whereby a group provides protection to businesses or other groups through violence outside the sanction of the law; Racket (sports equipment), a piece of equipment used to play tennis, badminton, squash, racquetball and other racket sports
Trapito is the Argentinian term for an extortionist who runs a protection racket in which they ostensibly guard parked cars, while actually vandalizing or stealing the cars of those who refuse to pay.