Extort (verb)

1. To obtain from someone by force, intimidation, or undue or illegal pressure.
2. To extract money or something else from someone through coercion.

Origin:

From latin extortus, past participle of extorquere ("to wrench out, to extort"), from ex- ("out") + torquere ("to twis.t")

Examples:

1. The criminals extorted money from the local businesses.
2. The corrupt officials extorted bribes from the contractors.
3. The kidnappers extorted a ransom from the victim's family.
4. He extorted money from his victims by threatening to reveal their secrets.
5. The company extorted money from its customers by overcharging them.