Category Archives: crime

The World’s Biggest Ever Heist

I still can’t quite get my head around the enormity of the numbers in the Madoff case. For one thing, Madoff’s investment advisory business served between 11 and 25 clients and had a total of about $17.1 billion in assets … Continue reading

Posted in crime, fraud | Comments Off

The FBI and Mortgages

The LAT’s Richard Schmitt knows how to write a startling lede: WASHINGTON — Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled … Continue reading

Posted in crime, housing | Comments Off

How Unleaded Gasoline Slashed the Violent Crime Rate

The paper, from the NBER, is 70 pages long, but the conclusion, from Jessica Wolpaw Reyes, is simple, and stunning: The main result of the paper is that changes in childhood lead exposure are responsible for a 56% drop in … Continue reading

Posted in crime | 1 Comment

Taking Credit Card Imprints: A Key Skill for Prostitutes

John Gapper finds the business angle in the Spitzer story: reading the official complaint, he concludes that "even this sort of business is just that – a business." My favorite bit is this: During the call, SUWAL and LEWIS discussed … Continue reading

Posted in crime | Comments Off

Criminals in the CEO Suite, Jewelry Edition

We’ve all heard of CEOs who are convicted of felonies and go to jail. But it’s rarer to see the sequence reversed: convicted felons becoming CEOs. Is that the American Dream? In July 2004, Peter Bacanovic was sentenced to five … Continue reading

Posted in crime | Comments Off