Organized Crime

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  • A network of individuals who aim to build profits through organized, illegal activities. Organized crime groups also aim to infiltrate the legitimate markets (a practice referred to as racketeering). The problem of racketeering has led to the adoption of new laws in the United States, such as the Racketeering Influenced and Corrupt Organization (RICO) Act of 1970, which was aimed at one of the most notable organized crime families in the United States, the Italian Cosa Nostra. Some have argued that organized crime groups are not as organized as we tend to assume and that these groups are mainly driven by market dynamics, which can be quite volatile. For more information, see Reuter (1983).

    10.4135/9781412972024.n1793

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