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.
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...
Grey market
A grey market (sometimes called a Parallel import, but this can also mean other things; not to be confused with a black market or a grey economy) is the trade of a commodity through distribution chann...
Pirate decryption
Pirate decryption most often refers to the decryption, or decoding, of pay TV or pay radio signals without permission from the original broadcaster. The term "pirate" in this case is used in the sense...
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...
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...
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...
Reefer Madness (2003 book)
Reefer Madness: Sex, Drugs, and Cheap Labor in the American Black Market is a book written by Eric Schlosser and published in 2003. The book is a look at the three pillars of the underground economy o...
Reefer Madness (2003 book) - Wikipedia
Raitero
Raiteros are drivers who transport groups of low-wage workers to their jobs for a fee. Raiteros are most commonly used by immigrant farmworkers and workers at distant factories or warehouses. The ser...
Organ trade
Organ trade is the trade involving inner human organs (heart, liver, kidneys, etc.) for organ transplantation. There is a worldwide shortage of organs available for transplantation, yet commercial tra...
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...
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
Arms trafficking
Arms trafficking, also known as gunrunning, is the illegal trafficking or smuggling of contraband weapons or ammunition. What constitutes legal trade in firearms varies widely, depending on local and ...
Arms trafficking - 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
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...
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
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...