Shanghai money (shanghaiing provision)

Payment by shipowners to a specialized recruiting gang (press-gang: a group of males employed to recruit men with cunning and wits – or even more – forcibly, under duress, for service as a seaman) who carry off seamen onto undermanned (undermanned, short-handed) ships by trickery – such as alcohol, drugs false promises – or violence (the practice of recruiting men as sailors by coercive techniques such as to provoke of getting drunk, persuasion, trickery, intimidation, or violence): a special kind of kidnapping. – In a broader sense, also any brokerage fee paid to such canvassers, who use dishonest means to get mostly unsuspecting, inexperienced people to sign elaborate contracts, including those relating to financial products. – In Germany, despite consumer education, legal action and special legislation such as the right of revocation for so-called doorstep contracts, shanghaiing in the latter sense has not yet died out. Experience has shown that many victims do not come forward for fear of exposure and ridicule. Private individuals who have suffered very high losses tend to look for other aggrieved parties and are inclined to ding an avenging angel on joint account .- See canvassing, steam room, daimonion, douceur, financial vulture, money, soft, money payment gesture, hand money, capital market, gray, préstamo, pump and dump, avenging angel, shipowner money, kickback.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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