Organized Crime/Mafia and Its Business

Paper Summary:

This paper discusses the illegal and legal business activities that organized crime/Mafia partakes in. It includes bookmaking, loansharking, gambling, and stock fraud. It gives historic examples of each business, as well as recent events.

From the Paper:

"Organized crime has been involved in business ventures both legitimate and illegal since the very beginning. In the early days they were involved in prohibition; selling liquor illegally and running speak easys. However time has evolved and prohibition ended. Nowadays the members of OC are into things like bookmaking, loan sharking, gambling, stock frauds, sex and much more. Though certain laws have been put in place to help control these activities, such as RICO, they still exist throughout the syndicates."

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