Black Market Billions

How Organized Retail Crime Funds Global Terrorists

By Hitha Prabhakar
(FT Press, Hardcover, 9780132180245, 316pp.)

Publication Date: November 2011

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Description
From piracy to counterfeiting to cargo theft, organized retail crime has exploded into a $38 billion industry. Synchronized global teams of thieves are pilfering immense volumes of high-value products, counterfeiting even more--and using the profits to support the world's most vicious terrorists and criminal gangs.In this eye-opening piece of investigative journalism, top business reporter Hitha Prabhakar connects the dots and follows the money deep into the world's fastest-growing criminal industry. You'll learn how the Internet, social media, and disposable cell phones have opened the floodgates for a new generation of criminals--and how buying something as innocent as a counterfeit handbag or discounted cigarettes actually funds terrorist groups from Al-Qaeda to Central America's drug lords."Black Market Billions" draws on extensive first person interviews with law enforcement, industry, "and the criminals themselves "to reveal how retail crime rings impact the security in every country in which they operate. Prabhakar goes "inside" to reveal why the piracy economy has exploded...why preventive measures have failed...and what to expect next, as organized retail crime reaches a terrifying critical mass.
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