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Words: | Submitted: Mon Jun 19 2006
... Texas. WorldCom was another huge company who inflated its reported cash flow by nearly $3.8 billion dollars. Late WorldCom was forced to file bankruptcy with over $400 billion dollars worth of debt. Other companies include Rite Aid, ImClone, and Adelphia, to name a few. (Lyman & Potter, 2004) In the political world it is no different. Organized crime practices and the scandalous and corrupt practices in the political world is a blurred one which is hard to separate. Chambliss argued that political corruption is critical to he survival of organized crime ( cited in Lyman & Potter, 2004).The relationship between politics and organized crime is a symbiotic one. Politicians give organized crime "official favors" and in returns they get campaign money, private graft, investment opportunities, and direct assistance in bargaining and negotiations. Morrisburg was a comprehensive study of corruption that found organized crime syndicates making above-the-board contributions to candidates and under-the-table ...
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