News

Facebook DIGG

Organized Crime Penetrates Energy Sector

by: Randall Mikkelsen  |  Visit article original @ Reuters

    Wednesday 23 April 2008

    Washington - International organized crime groups control "significant
positions" in global energy and strategic materials and are expanding holdings
in the U.S. materials sector, the U.S. Justice Department said on Wednesday.

    A strategy on fighting organized crime released by the department also says
such groups manipulate securities exchanges and conduct financial fraud to steal
billions of dollars. It says they systematically corrupt public officials, use
computer networks to target victims, and provide logistical support to terrorists
and foreign intelligence services.

    "The activities of transnational and national organized criminal enterprises
are increasing in scope and magnitude as these groups continue to strengthen
their networking with each other to expand their operations," said FBI
Deputy Director John S. Pistole.

    --------

    Editing by Lori Santos.

»


IN ACCORDANCE WITH TITLE 17 U.S.C. SECTION 107, THIS MATERIAL IS DISTRIBUTED WITHOUT PROFIT TO THOSE WHO HAVE EXPRESSED A PRIOR INTEREST IN RECEIVING THE INCLUDED INFORMATION FOR RESEARCH AND EDUCATIONAL PURPOSES. TRUTHOUT HAS NO AFFILIATION WHATSOEVER WITH THE ORIGINATOR OF THIS ARTICLE NOR IS TRUTHOUT ENDORSED OR SPONSORED BY THE ORIGINATOR.

"VIEW SOURCE ARTICLE" LINKS ARE PROVIDED AS A CONVENIENCE TO OUR READERS AND ALLOW FOR VERIFICATION OF AUTHENTICITY. HOWEVER, AS ORIGINATING PAGES ARE OFTEN UPDATED BY THEIR ORIGINATING HOST SITES, THE VERSIONS POSTED ON TO MAY NOT MATCH THE VERSIONS OUR READERS VIEW WHEN CLICKING THE "VIEW SOURCE ARTICLE" LINKS.