The New York Times headline blares "French Trader Is Remembered as Mr. Average," and goes on to describe a mid-level employee with nothing in his background to suggest that he would become possibly the biggest rogue trader in the history of the world. The Times reported that:
He failed in a bid for town council in his 20s; he never rose higher than a green belt, a mid-level rank, after years of judo training -- because of his bad knees; and he attended an average college where he earned respectable but unremarkable grades.
It's anticlimactic in a way. We expect crooks and fraudsters to fit a certain image: brash, arrogant, reckless, charismatic. But few people know fraud better than Barry Minkow; in his teens and early 20s he perpetrated the infamous Zzzz Best fraud, spent seven and a half years in prison, and has since helped regulators uncover over a billion in fraud -- and he wouldn't be surprised.
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