Home  >  The Real Story  >  Will the pandemic benefit mobsters?
The Real Story
Will the pandemic benefit mobsters?
The Real Story
May 15, 2020

The normal functioning of societies has been strained by the coronavirus pandemic and the ensuing curbs on our freedom of movement, commerce, trade and employment. So what impact has Covid-19 had on organised crime? In some communities, gangs have stepped in to provide food, medication and other emergency assistance to families struggling to make ends meet. Money laundering and terrorist financing watchdog, the Financial Action Task Force, says the pandemic has resulted in an increase in “fraud, cyber-crime, misdirection or exploitation of government funds or international financial assistance”. The United Nations says border closures and flight cancellations have disrupted distribution chains for illegal drugs such as heroin. History tells us criminals can thrive in a crisis. During the Great Depression in the US, the mob moved from bootlegging into gambling and prostitution and the Italian Mafia and Japanese Yakuza grew during the huge displacement of people after World War Two. So, will similar trends emerge in 2020? Ritula Shah and a panel of expert guests discuss how the coronavirus pandemic will change the workings of organised crime.

More Episodes



Mar 27, 2024
Bonus: Sam Bankman-Fried's multibillion dollar FTX fraud

A bonus episode from The Global Story podcast.

Sam Bankman-Fried was the golden boy of cryptocurrency. He was dubbed the king and saviour of the industry. But this week he will be sentenced to possibly decades in prison for fraud and money laundering, and his firm, FTX, went bankrupt.

Joe Tidy, the BBC's cyber correspondent tells us about SBF - the man he interviewed before his trial. And Erin Delmore, our North America business correspondent explains what his downfall means for the future of crypto.

The Global Story brings you trusted insights from BBC journalists worldwide. We’re keen to hear from you, wherever you are in the world. We want your ideas, stories and experiences to help us understand and tell The Global Story. Email us at [email protected] You can also message us or leave a voice note via WhatsApp on +44 330 123 9480. #TheGlobalStory

The Global Story is part of the BBC News Podcasts family. The team that makes The Global Story also makes several other podcasts, such as Americast and Ukrainecast, which cover US news and the war in Ukraine. If you enjoy The Global Story, then we think that you will enjoy some of our other podcasts too. To find them, simply search on your favourite podcast app.

This episode was made by Peter Goffin, Neal Razzel, Beth Timmins and Alix Pickles. The technical producer was Matt Hewitt. The assistant editor is Sergi Forcada Freixas and the senior news editor is Jonathan Aspinwall.


26min 39sec

Will the pandemic benefit mobsters?

--:--
--:--