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Articles

Flunking The Prisoners’ Dilemma

Lawrence Crocker considers how best to avoid a lengthy prison term.

Dear Joe,

So there we were, you and I, waiting for the converted school bus with the chain link windows that would transport us to our five years in U.S. federal prison. I will not revisit the details of our once-thriving securities business. We prided ourselves on our creative ‘client/market positioning’, even if the unimaginative prosecutors contended it was a scheme to defraud.

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