THEFT AND DISPOSITION OF SECURITIES BY ORGANIZED CRIME

• NCJ Number: 32138
• Author(s): W C MULLAN
• Date Published: 1975
• Length: 60 pages
• Corporate Author: Sam Houston State University
• Publication Format: Document
• Language: English
• Country: United States of America
• Note: CRIMINAL JUSTICE MONOGRAPH, V 6, N 4

Annotation

THIS REPORT FOCUSES ON THE OPERATIONAL WEAKNESSES AND INADEQUATE SECURITY PROCEDURES WHICH ALLOW MEMBERS OF ORGANIZED CRIME TO STEAL AND DISPOSE OF STOCKS, BONDS, AND OTHER NEGOTIABLE INSTRUMENTS.

Abstract

TWO KEY ISSUES IN THIS DISCUSSION ARE THE EASE WITH WHICH THE THEFTS HAVE BEEN ACCOMPLISHED AND THE VOLUME OF STOLEN SECURITIES DISPOSED OF. SEVERAL PROPOSED REMEDIES ARE PRESENTED, ANALYZED, AND EVALUATED TO DETERMINE IF THEY CAN SUBSTANTIALLY ELIMINATE OR REDUCE THE FINANCIAL LOSSES EXPERIENCED THROUGH THE THEFT OF SECURITIES. THE INTERIM IMMOBILIZATION AND EVENTUAL ELIMINATION OF THE STOCK CERTIFICATE IS INDICATED AS BEING THE MOST POTENTIALLY EFFECTIVE MEASURE.