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Unit 2 Assignment 1: Money Laundering

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Unit 2 Assignment
1) The walking delegate is an individual allowed to call a strike without any vote needed by the union membership. This individual is beneficial when they need a strike to happen fast in cases such as during a peak time of year, they will call a strike to hurt a business’s profitability.
2) Jimmy Hoffa’s involvement with the International Brothers of Teamsters included working with organized crime groups to use the threat of labor trouble to force businesses to employ mob controlled overalls supply firm. He was appointed Vice President of IBT, but his career was filled with scandal and criminal charges.
3) The Gambino family had control over New York’s garment industry by not allowing any room for competition which hurt the economy. They put …show more content…
There are many parts into the process of money laundering such as placement which is getting the money into the bank without causing any suspicion. Once the money is in the bank it is put through many complex transactions known as layering. The money is then integrated which legitimate money and made available to the criminals.
5) The IRS and the Hobbs Act are used to prosecute organized crime members by prohibiting foreign and interstate travel or the use of interstate facilities, such as mail and phones which are used to advance illegal activities like gambling, drug trafficking, extortion, and bribery. The IRS made it a law where organized crime must file taxes just like the rest of society, and if not they can be prosecuted.
6) There are two legal theories associated with forfeiture such as facilitation which allows the government to seize any property that may be involved in the crime to include real estate and vehicles. The proceeds theory allows the government to seize certain property used in unlawful activities, which can become complicated because the government must identify property and prove

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