Media Screener Taxonomy
- Concept ID (Qcode)
- trg:010020106
- URI
- https://graph-dev.thomsonreuters.com/fact_type/risk/non-corporate_crime/organized_crime/racket
- Created
- 2020-03-24T12:00:00
- Modified
- 2020-03-24T12:00:00
- Retired
- Name
- Racketeering (protection racket)
- Definition
- Racketeering is the act of creating physical or financial impediments to prevent others going about their lawful business. The financial gain comes from offering to 'solve' the issue for a fee. A protection racket works by threatening violence against property or people unless the subject buys 'protection'.
- Broader
- trg:010020100
- Related
- trg:010020303