BLOOD IN AMERICAN BUSINESS
The desire of America's latest generation of Robber Barons to be as respectable as the descendants of their models is causing some dismay among American business circles.
Narcotics pushers and prostitution operators of the Mafia are moving into the fashionable suburbs which were once “exclusive” to the industrial giants. And they're elbowing their way into the regular business world,
How do the gunmen finally make the leap into legal business? Through factoring, says the Wall Street Journal. They buy “accounts receivable" from business firms and then go out and collect them, ‘They are adept at finding just the right kind of appeal in collecting from a slow account, And if a businessman can't pay up, the hoodlum will lend him money --. at high rates, If he can't pay back, the hood moves in and has a business for a respectable front,
_. They're even showing up in banker's suits, One government official said, "As sure as I'm sitting here, two banks in New York City are control-~ led by hoodlums,"
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