Another name for money paid for protection is "extortion." Extortion is the act of obtaining money or property through coercion or threats. It is a criminal offense and is typically associated with organized crime or corruption. Extortion can take various forms, such as demanding payment for protection from harm or threats of violence.
"criminal offense which occurs when a person unlawfully obtains either money, property or services from a person(s), entity, or institution, through coercion." - Wiki
when a business gives the business a business and then the business give a business a business and then another business and then another business a business after business
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What is an Electronic Commerce.Explain Business to Consumers and Business to Business of Electronic Commerce with the help of examples
Extortion in a business occurs when someone uses threats or force to obtain money, property, or services from a company. This illegal activity can involve physical harm, damage to reputation, or disruption of operations in return for payment. Businesses should report extortion to law enforcement and seek legal advice to protect themselves and their employees.
Alexandra Addison Wrage has written: 'Bribery and extortion' -- subject(s): International business enterprises, Bribery, Corrupt practices, Extortion, Corruption
If a customer refuses to honor an existing contract unless further conditions are met, that would be considered breach of contract rather than extortion, although it is still illegal. If the customer is merely imposing new conditions for the renewal of the contract, that is considered business negotiation, not extortion.
The sentencing guidelines for extortion depend on the type of extortion committed. Charges can carry fines or jail sentences based on severity.
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Extortion - 1938 was released on: USA: 9 May 1938
Deadline - 1959 Extortion was released on: USA: 1959
threat, intimidation, ransom, extortion, coerce, dragoon
The mobsters were found guilty of money laundering and extortion. If you are talking about the penalty, it is usually 1 year in prison but could differ depending on the extent of extortion. (Extortion is an unlawful attempt to collect money) Notice how i said attempt because the money doesn't even have to be collected to be considered extortion.
Tired of paying thugs not to damage his store, the owner had them arrested for extortion. Though the school called it extortion, it agreed to raise the striking teachers' salaries.
The Great Burrito Extortion Case was created on 2006-11-07.
# i am the target and victim of criminal extortion and blackmail attempts.how do i respond? there is a police collusion with the criminal perpetrators. how do i handle it.