Blackmail is the crime of threatening to reveal information about a person to somebody else unless a demand is met. It can work, but it is punished by law.
Absolutely not. When you blackmail somebody, just remember who is blackmailing you. My grandmother always said when you do wrong it always comes back to bite you in the butt.
Blackmail works perhaps when handled in a professional way to bring a positive output for some cause not misleading to danger or affecting cause to others.