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Extortion in business is obtaining money, goods or services from a person through coercion. This is actually regarded as a criminal offence.

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What is another name for money paid for protection?

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.


What is IT called when someone steals from you and wants money for it?

When someone steals from you and demands money to return your belongings or to prevent further harm, it is typically referred to as extortion. This illegal act involves coercing a person into providing money or services through threats or intimidation. Extortion can be related to various criminal activities, including blackmail and kidnapping, depending on the context.


What is extortion?

"criminal offense which occurs when a person unlawfully obtains either money, property or services from a person(s), entity, or institution, through coercion." - Wiki


What are forced payments?

Forced payments refer to financial transactions that individuals or entities are compelled to make under duress or coercion, often without their consent. This can occur in various contexts, such as extortion, where threats are used to obtain money, or in situations where legal or regulatory pressures mandate payments. These payments can arise in both personal and business environments, often leading to significant ethical and legal concerns.


Meaning of financial and non-financial motivation?

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

Related Questions

Extortion in a business?

YES, extortion can and will happen in any business of modern society. Extortion happens when information or property in obtained by violence, threat to harm reputation, or by theft. Go eff yourself.


What has the author Alexandra Addison Wrage written?

Alexandra Addison Wrage has written: 'Bribery and extortion' -- subject(s): International business enterprises, Bribery, Corrupt practices, Extortion, Corruption


Is forcing a contracted supplier to offer additional free services to keep your contract considered extortion?

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.


What is the sentencing guidelines for extortion?

The sentencing guidelines for extortion depend on the type of extortion committed. Charges can carry fines or jail sentences based on severity.


What is a sentence for extort?

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.


Is extortion a felony?

no


What are synonyms for blackmail?

threat, intimidation, ransom, extortion, coerce, dragoon


What are the release dates for Deadline - 1959 Extortion?

Deadline - 1959 Extortion was released on: USA: 1959


What are the release dates for Extortion - 1938?

Extortion - 1938 was released on: USA: 9 May 1938


How do you use the word extortion in a sentence?

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.


When was The Great Burrito Extortion Case created?

The Great Burrito Extortion Case was created on 2006-11-07.


What are the punishments for extortion?

# 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.