ACCT 2230 Lecture Notes - Carlo Gambino, Joseph Colombo, Booklist

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Rising crime rates in new york city became a serious issue in the city after. In the 1970 s and 80 s new york city saw record high crime levels which was largely brought on by organized crime. 2 known commonly as the five crime families the italian mafia played a large part in new york city in the 70"s. Joseph colombo, carlo gambino and the infamous john gotti ruled the new york undergrounds. Crimes such as racketeering, extortion, robbery, money laundering, drug trafficking and murder were among daily practices for these crime bosses and their families. 3 the result of this led not only to fear amongst new york city"s citizens but corruption in the n. y. p. d. Many police officers turned a blind eye in exchange for a quick pay day. 4 many mafia made men lived very well as they collected large salaries from collecting rent from local patrons living in what was deemed their land.

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