home
***
CD-ROM
|
disk
|
FTP
|
other
***
search
/
Time - Man of the Year
/
Time_Man_of_the_Year_Compact_Publishing_3YX-Disc-1_Compact_Publishing_1993.iso
/
moy
/
042092
/
0420553.000
< prev
next >
Wrap
Text File
|
1992-09-10
|
853b
|
26 lines
GRAPEVINE, Page 21A Worrisome Brand of Japanese Investor
By JANICE CASTRO
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 hampers crooks in other countries -- and provides
invaluable help to American law enforcement.