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How La Cosa Nostra Makes M oney

How La Cosa Nostra Makes M oney. Racket. An illegal business or scheme. Labor Racketeering. The infiltration, domination, and/or use of a union or employee benefit plan for personal benefit by illegal, violent, or fraudulent means. Labor Racketeering.

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How La Cosa Nostra Makes M oney

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  1. How La Cosa Nostra Makes Money

  2. Racket • An illegal business or scheme

  3. Labor Racketeering • The infiltration, domination, and/or use of a union or employee benefit plan for personal benefit by illegal, violent, or fraudulent means

  4. Labor Racketeering • Basically, the mob uses their power and influence to control unions

  5. Labor Racketeering You may be saying, “Interesting, but how does that affect me, Joe Highschool?” I’m glad you asked…

  6. Labor Racketeering • FBI investigations have shown that labor racketeering costs the American public (aka you and me) millions of dollars each year. How you ask? Like this…

  7. Labor Racketeering • Organized Crime can control the pricing in an entire industry • Manipulate value of shares on the stock market • Orchestrate strikes and work slowdowns • Rig bidding for contracts

  8. Extortion • Unlawfully obtaining money, property, or services through intimidation or coercion • Shakedown • Making a threat of violence to require a payment in order to prevent future violence

  9. Protection Racket • Extortion scheme • Coerce the victim to pay money for protection against violence or damage to their property • Racketeers convince victim to pay by showing them what will happen if they don’t • In most cases, the racketeers are only protecting the victim from the racketeers themselves

  10. Gambling • Point-Shaving • Difficult to pull off • Convince a player, coach, or official to prevent his team from covering the betting line

  11. Gambling • Book-Making • Establishing the odds, point spread, or over/under for a variety of events • Usual goal is to have a “balanced book” • As much coming in as is going out • Mob bookies get unsuspecting bettors to gamble on their “skewed” lines

  12. Loan Sharking • Offering loans at extremelyhigh interest rates • Sometimes enforce payments with the threat of violence • People who “go to the sharks;” • Businesses who need money for protection • Gamblers to pay bookies

  13. Unfortunately, we give the mafia its power. We need, and want, what they provide. They know this, and that knowledge allows them to drive up prices, make exorbitant amounts of money, wield power, and avoid law enforcement

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