Sunday, August 26, 2012

Where The Mob Keeps It's Money

Roberto Saviano, the Italian who wrote Gomorrah, an interesting true crime book about the Neapolitan organized crime organization the Camorra, wrote a piece for the New York Times about organized crime and money.

The global financial crisis has been a blessing for organized crime. A series of recent scandals have exposed the connection between some of the biggest global banks and the seamy underworld of mobsters, smugglers, drug traffickers and arms dealers. American banks have profited from money laundering by Latin American drug cartels, while the European debt crisis has strengthened the grip of the loan sharks and speculators who control the vast underground economies in countries like Spain and Greece. 
Mutually beneficial relationships between bankers and gangsters aren’t new, but what’s remarkable is their reach at the highest levels of global finance.    
You can read the rest of the piece via the below link:

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