Underworld Bankruptcy Scams Net Billions, Report Says
The Justice Department study titled Anatomy of Scam details organized crime using fake bankruptcies to steal from the public. It centers on Murray Packing Co in New York, where loan sharks seized control, bought inventory, fenced goods, then filed for bankruptcy to hide illicit profits.
MENTIONED IN THIS ARTICLE
Washingvon
UPL
Underworld
Justice Department
National Institute of Law Enforcement and Criminal Justice
Law Enforcement Assistance Administration
LEAA
Charles R. Work
Murray Packing Co
New York
New
York City
Murray
Ina
Htee
Priest proposes allowing death of severely deformed infants
In the Journal of the American Medical Association, Rev. Richard A. McCormick of Georgetown argues a guideline that may help decide sustaining lives of grossly deformed infants lacking human-relations potential. He stresses four considerations and notes decisions remain with parents and physicians while cautioning against blanket rules.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Richard A. McCormick
Kennedy Center For Bioethies
Washington
Georgetown University
Journal of the
Armerican Medical Association
McCormick
Crimel orgs set up firm under reputational front man
Organized crime figures allegedly created a company and operated under a respected figure described as a pencil pusher who spends months building a credible public image to mask illicit activity. The report notes the strategy aims to lure investors and conceal connections to the criminal network.
Fraud Schemes Use Credit Purchases Fencing and Fake Firms
Operators buy on credit in ever larger amounts, fencing the goods, and file for bankruptcy as a third step. Some scammers imitate legitimate firms by naming a near copy, deceiving creditors. A fourth tactic involves owners milking their own company’s assets through scams for quick profits.
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Houston
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