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NEWS ABOUT: Sicilian mafia

$134B Bond Fraud May Be Mob Handiwork

US, Italian authorities blame organized crime for huge counterfeiting

(Newser) - The counterfeit bonds with a face value of $134 billion seized near the Swiss border are probably the work of the Mafia, say Italian and American secret services. The mystery surrounding the suitcase stuffed with fake US Treasury bonds deepened yesterday, after a blog revealed that police had released the... More »

Flush Mafia Invests Big in Recession Italy

It's buying up struggling companies

(Newser) - As banks spurn borrowers, Italian mafiosi are lending out their cash stockpiles to profit from the global recession, Bloomberg reports. Long invested in cash-intensive businesses like food distribution, the mafia is using its liquidity to take control of other legitimate businesses—and as a bonus, the three main mob outfits... More »

Sicilian Mafia Rebuilding US Family Ties

NY mob busts expose stronger links between Italians and Yanks

(Newser) - The Sicilian Mafia is sending people to the US to revitalize old family ties with its American cousins that faded in the '80s, according to a new report by the Italian government. The FBI nabbed more than 80 New York mobsters in a recent swoop code-named "Old Bridge,"... More »

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