The first scheme from 2012 involving The Armenian Power is the type of rackets that really make the money! This type of crime seperates a real criminal power from a glorified gambling crew. Imagine the Philly family or Chicago pulling something like that this day and age. It would be a train wreck..
Sophisticated, big time frauds like that have long been a specialty of the Eurasian crime groups. I read one report that said various types of fraud counts for 60% of the crimes involving them.
As for the LCN, in recent times those big time financial scams have mostly been carried out by the NY families alone.
