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Showing posts with label Money Laundering. Show all posts
Showing posts with label Money Laundering. Show all posts

Friday, 23 September 2016

Workmen's Compensations

Workman theft is something most householders have considered whenever they have had workmen in .... which is why if its indoor work, we mostly arrange to be in ourselves .. 'just to keep an eye on things'. However when its gardening or outdoor work being performed we rarely consider there to be much risk.

Garden Gnome Hostage Taking Is Rare ...

After all its not likely that workmen will steal your shrubs or garden gnomes etc.

Friday, 12 July 2013

Washing Your Dirty Money

What's a fun loving criminal going to do about getting his money cleaned? The cost of a full blown money laundering operation is both very expensive (at up to 40% of value) and rife with uncertainties and betrayals.
 
Laundering Money
Laundering Money
 
Now there have always been ways of means for criminals to turn stolen goods into hard cash .... the good old fashioned 'fence' (or sometime pawn broker), would take stolen items and offer the thief a percentage of the perceived cash value in the hope of later recouping a greater value themselves and thus making their profit on the deal.
 

Friday, 25 January 2013

No Business like Mafiosa Business

We in this blog have touched on this story in other posts because it seems that in Italy, as well as the usual government Department of Trade and Industry, which looks to try and support mainstream businesses, there is also a special Government Department, which has to take over businesses that have been set up by organised crime aka the 'Mafia' or 'Camorra', usually in order to launder hot money, or even just to give 'legal' jobs to members of the mobsters families.

San Marcellino-Based 'Euromilk' Was A Mafia Business

What makes this interesting is that, because so many of these businesses fail when the state takes them over, with just a few exceptions able to stand on their own feet (such as the San Marcellino-based 'Euromilk'), that it actually breeds resentment amongst the local populations, where there is an expression "The state fires people, while the Camorra gives jobs" .... it would be funny really, if it wasn't so deadly.

Its on little things like this, that the success of attempts to eradicate organised crime in Italy may hang ....

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