Yes. It's not only bad, it's a crime. Think about how it would feel if someone was doing it to you.
Extorting money from someone is unethical and illegal. It involves using threats or coercion to obtain money or favors from someone against their will. Engaging in extortion can have serious legal consequences and can damage relationships, trust, and one's reputation. It is always better to seek legal and ethical means to resolve conflicts or financial issues.
The mafia extorted money from local businesses by threatening them with violence.
No.
To 'rip off money' is to rob, to steal, to extort.
extort money
the robber extorted the money from the cashier.
(extortion - the obtaining of property from another induced by wrongful use of actual or threatened force or violence)"The kidnappers tried to extort money from the victim's family.""Police may not extort or coerce a confession to a crime."
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.
Extort is correct.
Extort money from its followers and blackmail or bully ex-members into silence.
The man extorted the money by telling the citizens, "Dont move, and nobody gets hurt."
Bring a law suit against them
to obtain by threat or violence