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Extortion is the practice of obtaining benefit (e.g., money or goods) through coercion. In most jurisdictions it is likely to constitute a criminal offence ; the bulk of this article deals with such cases.
Ransom is the practice of holding a prisoner or item to extort money or property to secure their release, or the sum of money involved in such a practice.. When ransom means "payment", the word comes via Old French rançon from Latin redemptio, 'buying back'; [1] compare "redemption".
Ocasio v. United States, 578 U.S. ___ (2016), was a United States Supreme Court case in which the Court clarified whether the Hobbs Act's definition of conspiracy to commit extortion only includes attempts to acquire property from someone who is not a member of the conspiracy. [1]
A demand letter is a formalized demand by a party that another party pay money or take certain acts, often accompanied by a claim that the second party has engaged in illegal conduct, with an implicit or explicit threat that the demanding party will take some form of legal action. [3]
Money for Nothing. Every year, about 90% of consumers either fall for or encounter online scams. And while many consumers are sophisticated enough to avoid some of the most common scams, it doesn ...
However, the definition of the term "racket" has been expanded over time and may now be used less strictly to refer to any continuous or repeated illegal organized crime operation, including those that do not necessarily involve fraudulent or coercive practices or extortion. For example, "racket" may refer to the "numbers racket" or the "drug ...
Former law enforcement and military officers are accused of using threats and violence in an effort to extort an Irvine man for nearly $37 million. 'Mercenary group' with ex-L.A. County deputies ...
The pizzo (Italian:) is protection money paid to the Mafia often in the form of a forced transfer of money resulting from extortion. The term is derived from the Sicilian pizzu ('beak'). To "let someone wet their beak" (Sicilian language fari vagnari u pizzu) is to pay protection money.