"In recent months, it has been discovered that mobsters with long criminal records are infiltrating multimillion-dollar business rntarprises. ‘These include banks and ‘all Street brokerage houses, big real estate aydicates, sizable corporations serving the public in many ways." “In New York, at least one well-known hotel is omned outright by criminals, [.S. offreials said. Gangstere also own hotels and motets in “lami and Miami beach, le Vegas, vetroit. Chicago end other cities. Law-enformement of ficera in other large cities throughout. the country can name inportant properties owned by known cri:sinels,... "Enforcement officials pelieve racketeers and gamblers have geined a foothold in many large banks through stock purchases, They attempt to use their position as stockholders to obtain special favours - and o1ten succeed”, the article went on. It then cuoted one Washington official as saying: "frauds in which the underworld and the financial world are linked have miiked the public of many millions", and added: “sometimes the stocks peddled by racketeers through brekerage are worthless certificates in non-existent companies." "The field of entertainment and sports - big busines in the U.S. - also ere heavily infiltrated by the underworld”, the weekly said. Answering the question: “who are these hocdiums who have invaded U.S. business?", the article said: "the mafia and other criminal gangs exist in every sizable city in America. New York, cnicago, Philadelphia, Detroit, Clevelend, St. Louis, Boston, New Orleans, Pittsburgh, Buffalo, Kansas City, Miami and Miami Beach, Tamp Frovicence, and Las Vegas are known to investigators as the centers, Nany of the richest gangsters made their millions in the old prohibition days ... now the biz money in crime, officials say, is made in gambling, narcotics, and ’loan-sharking’ - the lerding of money at exorbitant interest rates. These illesal activities provide the billions which the underworld is funnelling into legitimate businesses, hen a businessmen fells behind on hip payments to a lognshark, the gangster simply takes over the business,"
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