Armenian Organized Crime Essay Example | Topics and Well Written Essays - 250 words

Armenian Organized criminal offence - Essay ExampleCurrently, the syndicate possesses strong public relations that enable it collaborate with bank personnel department while executing their schemes through installing register devices to temper with the clients accounts.Primarily, this group specializes in narcotic trafficking, kidnapping and utilizing technological knowhow to siphon funds from bank accounts (Lovett, 2011). The members steal from banks via fixing credit observance skimming gadgets that acquire clients accounts status prior making bogus debit and credit cards. In near incidences, the gang may be for hire to execute extermination acts. For instance, in politics or line of descent deals where diverse persons keep resentment against their counterparts. This ensures the targeted victim does not benefit from the disputed plan that yields to ones demise (Albanese, 2012).Currently there are no stipulated laws that regulate organized crime, except civil statutes that sep arate out to control it, for instance, RICO Act (Conklin, 2010). The statute involves trying the syndicates bosses for the evils they have ordered their subjects to undertake and exempts the doers from punishment. Since the lawbreakers acted not from their impart but forceddue to the gangs loyalty, which entails total adherence. RICO does not effectively fit organized crime, since it only deals with the leaders while the subjects go scot-free (Lovett, 2011). This gives the doers a chance to be more advance(a) in their dealings, hence contributing in creating more numerous similar gangs.Law enforcing units estimate that Armenian Crime Syndicate has cost their victims at least $20 Million especially via money wash and stealing from banks (Lovett, 2011). Additionally, the syndicate has yielded to rampant usage of hard drugs especially among the youths, since they are the drugs kingpins (Albanese, 2012). This affects the society grievously because they take youths being