Search results
Results From The WOW.Com Content Network
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.
The traditional and historically most common example of a racket is the "protection racket", in which racketeers offer to protect a business from robbery or vandalism; however, the racketeers will themselves coerce or threaten the business into accepting this service, often with the threat (implicit or otherwise) that failure to acquire the ...
In 1978, Rocco Luppino, Dominic Musitano, owner of a Hamilton haulage company, and Angelo Natale, president of the Ontario Haulers Association, were charged with conspiracy to commit extortion after police uncovered a protection racket on Ontario's independent trucking industry; after a five-year legal battle, they were acquitted in 1983. [28] [22]
Michael Franzese Sr. (/ f r æ n ˈ z iː s /) [2] (né Grillo; born May 27, 1951) is an American former mobster who was a caporegime in the Colombo crime family in New York City, and son of former underboss Sonny Franzese.
Unlike other street gangs, whose business was petty crime, Luciano offered protection to Jewish youngsters from Italian and Irish gangs for ten cents per week. He began learning the pimping trade in the years around World War I. Luciano met Meyer Lansky as a teenager when Luciano attempted to extort Lansky for protection money on his walk home ...
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