White collar criminals, like other crooks, are usually alcoholics. A cite from The Economist magazine supports the idea that this litany of Ponzi-like con artists and politicians are no different: they all exhibit egomania, which is usually rooted in alcoholism.
In a recent piece on white-collar crime, The Economist magazine observed that “many [Club Fed and other white-collar] prisoners suddenly discover, post-conviction, that they had a drinking problem….” This should come as no surprise to our audience. In Drunks, Drugs & Debits: How to Recognize Addicts and Avoid Financial Abuse, I argue that 80-90% of criminals, including those who perpetrate white-collar crime, are addicts.
Students of my books know how to use this simple idea to protect themselves from the financial devastation wrought by addicts. However, try proving the existence of alcoholism when it is so often hidden by both addicts and their enablers. As I wrote in the Top Story on Los Angeles City Attorney Rocky Delgadillo and his wife ...
