Security Insurance Company (SIC) was a security and insurance company in Bulgaria. Thought to be a front for a criminal organisation. SIC, along with its rival
VIS, was made up primarily of ex-wrestlers, policemen and members of the security apparatus. As well as extortion rackets, the groups also worked in "car insurance" and theft. The capital they earned in the emerging Bulgarian economy of the 1990s allowed them to build huge influence amongst the government.
[Glenny, Misha; McMafia; 2008]
See also
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VIS (criminal organisation) Vasil Iliev Security, or VIS, was a criminal organisation in Bulgaria dealing in extortion, car theft, drug trafficking and more. Set up in the early 1990s by Vasil Iliev, the company was declared illegal in 1994, but continued operating under the ...
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Bulgarian Mafia
The Bulgarian mafia ( bg, мафия) is a series of organized crime elements originating from Bulgaria.
Organized crime groups and activities
Modern organized crime is associated with the early 1990s, when weak power and continuous change of go ...
References
Organized crime groups in Bulgaria
Insurance companies of Bulgaria
Security companies of Bulgaria
Defunct companies of Bulgaria
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