A protection racket is a scheme where individuals or groups offer to protect businesses or individuals from harm, often using intimidation or threats. In exchange for this "protection," victims are required to pay regular fees. If they refuse to pay, they may face violence or damage to their property. These rackets are commonly associated with organized crime, such as the mafia or other criminal organizations. While they may appear to provide safety, protection rackets exploit fear and vulnerability, creating a cycle of coercion that can be difficult for victims to escape.