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Least Competent Criminals | Unclear on the Concept

News of the Weird by Chuck Shepherd

By News of the Weird by Chuck Shepherd

Published May 4, 2015

Least Competent Criminals | Unclear on the Concept

Recurring Theme: Perpetrators on the run frequently, unintentionally reveal their whereabouts by their need to show off on social media, but Christopher Wallace has reached legendary show-off status. Being sought in connection with a January burglary, he went to his home in Fairfield, Maine -- and posted on the Snapchat site that that's where he was. Police arrived and, during their canvass, noticed a brand-new Snapchat post from Wallace -- mischievously writing that police were in his home right then, searching for him, but that he was cunningly hiding in a cabinet. Police opened the cabinet and arrested him. [Associated Press via Morning Sentinel (Waterville, Maine), 3-24-2015]

In March, the investment bank Credit Suisse Group AG agreed to pay $16.25 million to settle a client's charges that Credit Suisse gave faulty investment advice on two acquisitions by Freeport-McMoRan (one of the world's largest producers of copper and gold). Actually, according to a Wall Street Journal report, Freeport will receive only $10 million in cash. The remaining amount it agreed to accept, to make up for Credit Suisse's faulty advice, is $6.25 million worth of future investment advice. [Wall Street Journal, 3-17-2015]

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