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This would be up to the discretion of the judge however the way you word it matters. Legally there is a difference between a threat and an implied threat. Saying "pay us or we report you" is extortion. Saying "pay us and we may in good faith drop this matter" is now vague enough to not be interpreted as extortion.

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Hey, the cool part about this is, we can try it out in different scenarios.

"Hello, this is LargeISPCo calling to ask you to pay your latest bill. Oh, in an entirely unrelated matter, we found this picture of your son, and we have a link to a discussion board for NAMBLA."

See, perfectly fine. There's no _actual_ threat here.

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