How do gangsters clean their money?

Money laundering involves three basic steps to disguise the source of illegally earned money and make it usable: placement, in which the money is introduced into the financial system, usually by breaking it into many different deposits and investments; layering, in which the money is shuffled around to create distance …

Why do people wash money?

Money obtained from certain crimes, such as extortion, insider trading, drug trafficking, and illegal gambling is “dirty” and needs to be “cleaned” to appear to have been derived from legal activities, so that banks and other financial institutions will deal with it without suspicion.

How many people are killed by gangs in Los Angeles each year?

Approximately 5,750 people were killed in Los Angeles County alone in the past 10 years in gang-related violence, many of them children and teenagers. With gangs reportedly recruiting members as young as 11, this is a social problem that mustn’t be ignored.

How do gangs make money?

Some gangs collect millions of dollars per month selling illegal drugs, trafficking weapons, operating prostitution rings, and selling stolen property. Gangs launder proceeds by investing in real estate, recording studios, motorcycle shops, and construction companies.

What are the risks associated with gang membership?

With gangs reportedly recruiting members as young as 11, this is a social problem that mustn’t be ignored. There are many risks associated with gang membership, including exposure to violent crime, and possible incarceration.

How can we reduce the damage gangs do to communities?

Still, with increased awareness, creativity, community engagement, and more programs* like the Harlem Children’s Zone, we may yet reduce the severe damage gangs have inflicted on our communities; one city block at time. –Contributing Writer: Crystal Slanzi, The Trauma & Mental Health Report