extortion

/ɪkˈstɔrʃən/
noun
  1. The act of obtaining something, especially money, from someone by using threats, force, or intimidation.
    • The businessman was found guilty of extortion for demanding payments from his competitors.
    • Extortion is a serious crime that can lead to many years in prison.
    • The gang's main source of income was extortion, forcing local shops to pay for 'protection'.