Word: loaning
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EVEN AS THE FBI IS GAINING GROUND ON THE AMERICAN branch of the Mafia, it is getting ready to take on a new threat: the YAKUZA -- Japanese mobsters. An estimated 100,000 yakuza in Japan rake in some $10 billion a year from narcotics, extortion and loan-sharking. As the gangs channel that cash into legitimate investments in the U.S. and Europe, the FBI will be hard pressed to decipher the money trail. One reason: money laundering is not a crime in Japan, so the mobsters can operate through shell corporations without the kind of close scrutiny at home that...
Financier Charles Keating Jr., who cost investors $250 million when his Lincoln Savings & Loan Association in Irvine, Calif., collapsed, was sentenced last week to 10 years in prison and fined $250,000. "Charles Keating did not steal a loaf of bread," said Harriet Chappuise, one of the elderly people who lost money in the failure. "He stole the bread out of the mouths of thousands of old people...
...been testy. Critics charge that Clinton has given away too much through the concessions, continued a tax structure that unfairly favors business over middle-class wage earners and fostered a low-wage, antiunion climate. In 1990 the Arkansas Industrial Development Commission, run by Clinton appointees, arranged a $300,000 loan for Morrilton Plastics, a company that made parts for Detroit automakers, enabling it to build up inventory in anticipation of a strike by the United Auto Workers. At the time, the loan outraged union activists. Bill Becker, head of the state AFL-CIO, bluntly accuses the Clinton administration of "union...
...Gambino war. Three candidates lead the field. Capo James "Jimmy Brown" Failla has a strong track record in running the ; lucrative private garbage-carting business, but at 73 he may lack the stamina for big-time crime. Joseph "Butch" Corrao can cite success in overseeing gambling, restaurants and loan-sharking in Manhattan's Little Italy. Then there is John Gotti Jr., 28, cut from the same cloth as his father but widely disliked. Tommy Gambino, son of the family's founding father, once seemed a likely successor, but in February he pled guilty to antitrust charges and was ordered...
...still < believed in his own invincibility. He wore the trademark suits and helmet of hair like armor, as though his natty legend would protect him once again. Overflow crowds craned for a glimpse of him; the tabloids kept up a colorful commentary, not only on the testimony about loan-sharking, extortion and murder but also on his choice of neckwear and the fluff of his pocket handkerchief. In court he made mocking gestures, blew a kiss at lead prosecutor John Gleeson and growled loudly at U.S. Attorney Andrew Maloney. At one point Judge I. Leo Glasser threatened to throw Gotti...