Crooks Get Ideal Conditions for Market Schemes: Susan Antilla

Did somebody say America was having a hard time getting back to work after the financial crisis and ensuing recession? Forget the dopey career counselors who are coaching you to earn a new degree. There’s a job sector poised to enter a new golden age, and it doesn’t even require a high school diploma. So all you aspiring millionaires had better listen up.

“This is a perfect time if you want to be a crook,” says Joseph Borg, the 16-year veteran securities regulator who runs the Alabama Securities Commission. Borg, who has seen his share of creepy wrongdoers, doesn’t mean just any kind of crook, of course. He’s talking about lawbreakers who sweet-talk investors out of their money with everything from misleading products and promises to bogus tax shelters, real estate pools and Ponzi schemes.