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Gold/Mining/Energy : CA power crisis

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From: Jon Koplik	4/23/2008 2:31:44 PM
	of 186

Reuters -- Organized crime seen penetrating energy sector .......................................... [Gee, when I heard "organized crime," my first thought was : do they mean hedge funds, or "old-fashioned" organized crime ... ] Organized crime seen penetrating energy sector Wed Apr 23, 2008 6:54pm BST WASHINGTON (Reuters) - International organized crime groups control "significant positions" in global energy and strategic materials and are expanding holdings in the U.S. materials sector, the U.S. Justice Department said on Wednesday. A strategy on fighting organized crime released by the department also says such groups manipulate securities exchanges and conduct financial fraud to steal billions of dollars. It says they systematically corrupt public officials, use computer networks to target victims, and provide logistical support to terrorists and foreign intelligence services. "The activities of transnational and national organized criminal enterprises are increasing in scope and magnitude as these groups continue to strengthen their networking with each other to expand their operations," said FBI Deputy Director John S. Pistole (Reporting by Randall Mikkelsen, editing by Lori Santos) © Thomson Reuters 2008. All rights reserved.

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