and a little more...

2. Organized Crime
a. Crime with a hierarchy system of authority with a defined division of labor and elaborate rules of behavior governing day-to-day functionality
b. This allows organized crime to run and make money effectively
c. One of the wealthiest organizations in the world
i. Ranks in at the 20th spot
ii. Make money in illegal activities such as drug trafficking, loan sharking, pornography and prostitution
iii. New schemes include many frauds such as insurance, health care, food stamps and telemarketing
d. Tactics include extortion, bribery, corruption and violence
e. Labor racketeering is a big issue
i. Gain access to labor
ii. Hold management to extortion to keep unions from going on strike
f. Use legit businesses to launder money
g. The mafia gets most attention but other ethnic and racial groups participate in organized crime

3. White-Collar Crime
a. Originally introduced in 1940 by Edwin H. Sutherland
i. Originally designated it as crime by persons of the upper socioeconomic classes
ii. Committed by normal business activity, not by pathology
b. Includes crimes such as insider trading, tax evasion, embezzlement, false advertising, fraud, price fixing, restraint of trade or knowingly manufacturing unsafe products
c. Enron is a notorious example of white-collar crime
d. Doctors and lawyers have the ability to create white-color crime through fraud, fee-splitting and conflict of interest
e. Newest white-collar crime comes from hackers stealing money electronically
f. Largest threat is employee theft
i. $15.1 billion dollars each year in lost inventory
ii. Turn into higher prices for consumers