loan shark

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Police Grab $6 Trillion in Phony US Bonds

Crooks wanted forgeries to buy plutonium: Italian paper

(Newser) - A minor crime averted in Italy: Police seized $6 trillion in phony US Treasury bonds that a criminal network reportedly planned to use to buy plutonium. Cops grabbed the fake bonds at a Swiss trust company in the city of Potenza, they said yesterday. US experts identified the forgeries and... More »

Mafia Is Italy's 'No. 1 Bank'

New report says crime pays, and has cleaned up its act

(Newser) - How bad is Italy's debt crisis? So bad that the Mafia is now collectively "Italy's No. 1 bank," with roughly $83 billion in liquidity and about $127 billion in annual profits, according to a new report from a prominent Italian business group. Crime organizations such as... More »

'Robin Hood Was a Loan Shark'

He quivered over interest rates

(Newser) - He robbed from the rich, but Robin Hood didn't just give it away to the poor—he loaned them money at stiff interest rates like some kind of medieval loan shark, claims a new book. One of the earliest historical references to the outlaw of Sherwood Forest, a ballad from... More »

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