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You don't fuck with the Yakuza son.
The Japanese National Police Agency (NPA) estimates that the yakuza have almost 80,000 members. The most powerful faction, the Yamaguchi-gumi, is known as "the Wal-Mart of the yakuza" and reportedly has close to 40,000 members. In Tokyo alone, the police have identified more than 800 yakuza front companies: investment and auditing firms, construction companies and pastry shops. The mobsters even set up their own bank in California, according to underworld sources.
Over the last seven years, the yakuza have moved into finance. Japan's Securities and Exchange Surveillance Commission has an index of more than 50 listed companies with ties to organized crime. The market is so infested that Osaka Securities Exchange officials decided in March that they would review all listed companies and expel those found to have links with the yakuza. If you think this has nothing to do with the United States, think again. Americans have billions of dollars in the Japanese stock market. So U.S. investors could be funding the Japanese mob.
I once asked a detective from Osaka why, if Japanese law enforcement knows so much about the yakuza, the police don't just take them down. "We don't have a RICO Act," he explained. "We don't have plea-bargaining, a witness-protection program or witness-relocation program. So what we end up doing most of the time is just clipping the branches. . . . If the government would give us the tools, we'd shut them down, but we don't have 'em."
In the good old days, the yakuza made most of their money from sleaze: prostitution, drugs, protection money and child pornography. Kiddie porn is still part of their base income -- and another area where Japan isn't acting like America's friend.
Over the last seven years, the yakuza have moved into finance. Japan's Securities and Exchange Surveillance Commission has an index of more than 50 listed companies with ties to organized crime. The market is so infested that Osaka Securities Exchange officials decided in March that they would review all listed companies and expel those found to have links with the yakuza. If you think this has nothing to do with the United States, think again. Americans have billions of dollars in the Japanese stock market. So U.S. investors could be funding the Japanese mob.
I once asked a detective from Osaka why, if Japanese law enforcement knows so much about the yakuza, the police don't just take them down. "We don't have a RICO Act," he explained. "We don't have plea-bargaining, a witness-protection program or witness-relocation program. So what we end up doing most of the time is just clipping the branches. . . . If the government would give us the tools, we'd shut them down, but we don't have 'em."
In the good old days, the yakuza made most of their money from sleaze: prostitution, drugs, protection money and child pornography. Kiddie porn is still part of their base income -- and another area where Japan isn't acting like America's friend.
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