BP Editors
Martin Frankel is a classic white collar criminal subtype: a ne’er-do-well who fooled a bunch of other rich idiots into investing with him. Frankel used astrology to make his financial trading decisions, and the stars did not smile down upon him. He was caught several times for improper trading and embezzlement, and had to change his name to David Rosse to continue his thievery. Eventually, through a trust that hid his involvement, “Rosse” stole $200 million from several Midwest insurance companies. Eventually Frankel fled to Germany but was busted in Hamburg. In 2004, he was sentenced to 16 years in prison for his luxurious tomfoolery.
