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From the Streets to Cyberspace: U.S. Gangs Turn to White-Collar Crime
By Jennifer Booton
October 28, 2011
Fox Business
Duane Morris partner Jonathan P. Armstrong of the firm's Corporate Practice Group in its London office comments on the trend of U.S. gangs committing white collar financial and cyber crime. Gangs are increasingly perpetrating mortgage fraud, counterfeiting, bank and credit card fraud and identity theft schemes, which promise greater profits and less jail time than traditional gang activities, such as murder, drug trafficking and robbery. Armstrong also notes the financial incentives and means through which organized crime carries out these schemes.
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