Informal economy
The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, activities that are engaged ...
Informal economy - Wikipedia
Nuclear Smuggling Deals 'Thwarted' In Moldova
Moldovan police and the FBI are reported to have stopped four attempts by smugglers to sell nuclear material to extremists in the Middle East. The most recent case was in February when undercover agen...
Silk Road Founder Ross Ulbricht Sentenced To Life In Prison
Ulbricht faced at least 20 years in prison, but federal prosecutors had sought a "substantially" longer sentence. As we reported in February, Ulbricht was found guilty of seven drug and conspiracy cha...
Silk Road Mastermind Ross Ulbricht Convicted of All 7 Charges
A jury has spoken, and the mask is off: Ross Ulbricht has been convicted of being the Dread Pirate Roberts, secret mastermind of the Silk Road online narcotics empire.
Silk Road 2.0, infiltrated from the start, sold $8M per month in drugs
It only took about one month from the time the Silk Road drug-dealing website was busted for a successor to be created. The new site, like the old, was on the "Darknet," only accessible via an anonymi...
Family and Friends Pledge $1M in Bail for Alleged Silk Road Owner
About two dozen loyal family members and friends of alleged Silk Road founder Ross Ulbricht have rallied around him to pledge more than $1 million to get him released on bail, according to an applicat...
FBI sting and faked death may have played key role in Silk Road demise | Al Jazeera America
Curtis Green, a 47-year-old Utah resident, was a high-level administrator of the billion-dollar online black market.
Illegal drug trade
Drug dealing is the exchange of illegal drugs for payment. The illegal drug trade is a global black market dedicated to the cultivation, manufacture, distribution and sale of drugs that are subject to...
Illegal drug trade - Wikipedia
Susu account
Susu collectors are one of the oldest financial groups in Africa. Based largely in Ghana they provide (for a small fee) an informal means for Ghanaians to securely save and access their own money, and...
Wide boy
Wide boy is a British term for a man who lives by his wits, wheeling and dealing. According to the Oxford English Dictionary it is synonymous with spiv. The word "wide" is in this sense means wide-aw...
Nuclear Smuggling Deals 'Thwarted' In Moldova
Moldovan police and the FBI are reported to have stopped four attempts by smugglers to sell nuclear material to extremists in the Middle East. The most recent case was in February when undercover agen...
Silk Road Founder Ross Ulbricht Sentenced To Life In Prison
Ulbricht faced at least 20 years in prison, but federal prosecutors had sought a "substantially" longer sentence. As we reported in February, Ulbricht was found guilty of seven drug and conspiracy cha...
Fakelaki
Fakelaki or fakellaki is the phonetic transliteration of the Greek word φακελάκι. It means "little envelope" but is also used in Greek popular culture as a jargon term referring to the bribery of publ...
Tandas
A tanda is the Latin American term for an informal rotating savings and credit association (ROSCAS). They are operated globally, but have over 200 different names that vary from country to country. Th...
War profiteering
A war profiteer is any person or organization that profits from warfare or by selling weapons and other goods to parties at war. The term has strong, negative connotations. General profiteering may al...
Illegal logging in Madagascar
Illegal logging has been a problem in Madagascar for decades and is perpetuated by extreme poverty and government corruption. Often taking the form of selective logging, the trade has been driven by ...
Illegal logging in Madagascar - Wikipedia
El Mercado de Los Angeles
Built in 1968, El Mercado de Los Angeles is located in the Boyle Heights district of the city of Los Angeles east of the LA River and adjacent to East Los Angeles (an unincorporated portion of the Cou...
American Market
American Market (also known as Sitara Market) is a market located in Peshawar, Pakistan. It sells various types of electronic goods and is known for its low prices while being notorious for giving its...
Indian black money
In India, Black money refers to funds earned on the black market, on which income and other taxes have not been paid. The total amount of black money deposited in foreign banks by Indians is unknown. ...
Tontine
A tontine /tɒntin/ is an investment plan for raising capital, devised in the 17th century and relatively widespread in the 18th and 19th centuries. It combines features of a group annuity and a lotter...
Tontine - Wikipedia
Informal sector
The informal sector, informal economy, or grey economy is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, activities that are engaged ...
Informal sector - Wikipedia
Spiv
In the United Kingdom, the word spiv is slang for a type of petty criminal who deals in illicit, typically black market, goods. The word was particularly used during the Second World War and in the po...
Bootlegging (business)
In economics and business administration literature, Kenneth E. Knight introduced the notion of bootlegging in 1967. Bootlegging is defined as research in which motivated individuals secretly organize...
Dread Pirate Roberts (Silk Road)
Silk Road was an online black market, best known as a platform for selling illegal drugs. As part of the Deep Web, it was operated as a Tor hidden service, such that online users were able to browse i...
Dread Pirate Roberts (Silk Road) - Wikipedia
Khon Kaen scavengers
Waste pickers in Khon Kaen, Thailand are unregistered workers who search through trash for recyclable goods that can be sold to distributors for a price. These workers live in all parts of the city, r...
Illegal taxicab operation
Illegal taxicabs, sometimes known as gypsy cabs, are taxicabs and other for-hire vehicles that are not duly licensed or permitted by the jurisdiction in which they operate. Most major cities of the Un...
Household electricity approach
The Household Electricity Approach to measuring the size of the underground economy or black market of a country exploits the presumed relationship between household electrical consumption and a count...
Flat rate (finance)
Flat interest rate mortgages and loans calculate interest based on the amount of money a borrower receives at the beginning of a loan. However, if repayment is scheduled to occur at regular intervals...
Flat rate (finance) - Wikipedia