Organised Crime

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Tuesday, 28 August 2012

Amber Gold affair is one of the biggest financial scandals to hit Poland since the fall of communism in 1989.

It was pretty much all the money Bozena Oracz had after a working life as an accountant: the equivalent of $15,000. She placed it in a fund investing in gold, with the hope of paying for her daughter's studies and getting treatment for a bad knee.Those dreams were dashed when she discovered she had fallen victim to an elaborate fraud scheme that has left thousands of Poles, many of them elderly, facing financial ruin.The so-called Amber Gold affair is one of the biggest financial scandals to hit Poland since the fall of communism in 1989. The extent of wrongdoing is still murky, but it seems to have some elements of a pyramid scheme, meaning the financial institutionused funds from new clients to pay off older clients rather than investing them.Consumed with...

Monday, 27 August 2012

Miguel Angel Trevino Morales new leader is emerging at the head of one of Mexico's most feared drug cartels.

This undated image taken from the Mexican Attorney General's Office rewards program website on Aug. 23, 2012, shows the alleged leader of Zetas drug cartel, Miguel Angel Trevino Morales, alias âZ-40.â (AP Photo/Mexican Attorney General's Office website)Mexico's Violent Zetas Cartel Sees New Leader Miguel Angel Trevino Morales A split in the leadership of Mexico's violent Zetas cartel has led to the rise of Miguel Angel Trevino Morales, a man so feared that one rival has called for a grand alliance to confront a gang chief blamed for a new round of bloodshed in the country's once relatively tranquil central states.Trevino, a former cartel...

Laurence Kilby, 40, of Cheltenham, who built and raced cars, was arrested after police seized cocaine with a street value of £1m.

 Laurence Kilby, 40, of Cheltenham, who built and raced cars, was arrested after police seized cocaine with a street value of £1m.A "privileged" racing driver has been jailed with 11 other drug smugglers. Crown Court heard he was head of a gang moving drugs from Eastern Europe along the M4 corridor to London, western England and south Wales.Kilby was heavily in debt and turned to crime to maintain his lifestyle of fast cars and high living.Raids on propertiesKilby was jailed in June but his conviction, and those of the rest of the gang, can now be reported following the conclusion of another trial.In an undercover operation between...

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