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A protection racket is an operation where racketeers provide protection to persons and properties, settle disputes and enforce contracts in markets where the police and judicial system cannot be relied upon. Diego Gambetta 's The Sicilian Mafia (1996) [1] and Federico Varese's The Russian Mafia (2001) [2] define the mafia as a type of organized ...
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An Irrevocable Fee Protection Agreement (IFPA) is generally applied to an over-the-counter commodity transaction. It is an irrevocable and binding legal agreement between a buyer, a seller and a business broker . In an IFPA, the objective is to reach a private agreement for the placement or purchase of a commodity or other piece of merchandise ...
Spread of Mafia extortion by province in Italy. The pizzo ( Italian: [ˈpittso]) is protection money paid to the Mafia often in the form of a forced transfer of money resulting from extortion. The term is derived from the Sicilian pizzu ('beak'). To let someone wet their beak ( Sicilian language fari vagnari u pizzu) is to pay protection money.
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