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Originally Posted by GonZo
Make sure to catch AVNFabian's riveting keynote speech.
He's gonna save us all from piracy!
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A protection racket is an extortion scheme whereby a criminal group or individual coerces a victim (usually a business) to pay money, supposedly for protection services against violence or property damage.
Racketeers coerce reticent potential victims into buying "protection" by demonstrating what will happen if they don't?they damage the victims' property. In most cases, the racketeers do not actually protect their client from anything but the racketeers themselves, and their "protection" is merely extortion. However, if their victim is seriously threatened by a third party, sometimes gangsters will protect their source of revenue.
Legitimate businesses are not the only victims of protection racketeers. Other criminals are also targeted, since they cannot ask police to stop the extortion. However, for that same reason, criminals sometimes actively seek to buy this "protection".
Paradoxically, in a parasitic relationship, the parasite both damages the host and prefers that the host remain healthy. Thus, when criminals are cheated or abused (e.g., a cocaine dealer is swindled by his supplier) they cannot turn to the police and instead rely on powerful gangsters to protect the gangsters' income.
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The patterns of subterfuge and deception by Mansef/Manwin should be obvious to all by now...yet greed tends to prevail over ethics and good judgement, especially in this industry, which is why the many areas of the industry have taken such a tremendous hit over the past few years.
ADG