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A Tip For Would Be White-Collar Criminals Weighing Consequences Of Playing It Fast And Loose: "Prison Is Amazing"

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As you may have heard, not too long ago, the government decided to crank up the heat on alleged insider traders, devoting considerable resources to nailing these guys and girls to the wall. Phone lines have been tapped, friendships destroyed. Last year, anyone who'd ever glanced in the direction of a person who'd had a 5 minute conversation with hedge fund manger Raj Rajaratnam went down, as U.S. Attorney for the Southern District of New York Preet Bharara sent the message that while you all may have been used to an era of loosey-goosey, he runs a much tighter ship. To that end, those committing non-violent crimes have been sent to jail for really, really long time, even if a unique constellation of ailments ravaging their bodies meant time behind bars would most certainly kill them. And with Bharara and Co showing no signs of easing up on their targets, some of you might be worried a stay in the big house may be in your future, having wittingly or unwittingly gotten on his bad side. But you need't be! While Raj might tell you otherwise, according to at least one guy doing time, prison is not actually so bad. In fact, you might actually enjoy it.

Serving two years for gun possession, Ja Rule found a new posse behind bars — a couple of cons he calls “Hevey D” and “Koz.” The Queens-raised rap star says disgraced pol Alan Hevesi and corporate greed poster-boy Dennis Kozlowski took him under their wings. From Kozlowski, he got stock tips. From Hevesi, he heard about the perennial impasse in Albany. They watched Jon Stewart and Stephen Colbert together...“I was studying for my GED and Koz came in and talked to me and said, if you need any help, let me know,” he said, two weeks after getting the degree. The ex-CEO told him to buy airline stock and study business. He starts taking college-level courses this month. Hevesi, 72, isn't the first power player Ja Rule has met in prison: At Hudson Correctional Facility he played cards and basketball with Hank Morris, the strategist who pocketed $18 million in the pension scandal that doomed Hevesi. “Hank was my Spades partner, and we were undefeated in basketball,” Ja Rule said...“Outside, you don’t meet guys like this every day. This place is amazing,” Ja Rule told the Daily News during an exclusive interview at Mid-State Correctional Facility in upstate Oneida, N.Y.

Just something to keep in mind.

Rapper Ja Rule, serving two years for gun possession, finds new posse behind bars [NYDN]


Street Gangs Giving White Collar Criminals A Run For Their Money: WSJ

Groups like the "Outlaw Gangsta Crips" and "Van Dyke Money Gang" are making JP Morgan and co. their victims.