Sunday, April 1, 2012

"A New Career Option for Ex-Cons: White-Collar Jail Prep Tutor"

From Daily Finance:
From insider trading to getting ready for life "on the inside" -- The Wall Street Journal reports that convicted white-collar criminals are increasingly paying for prison prep from former inmates.

Lessons include avoiding physical altercations (instead of raising your fists to a truculent fellow prisoner, curl your body into a ball on the floor) and deciphering jailhouse lingo: '"A 'cheese eater' is an informant. A 'blanket party' is throwing a blanket over an inmate, then beating him. 'Diesel therapy' is when trouble-making inmates are shackled and driven around in the back of a prison bus."

Among the "the panicky white-collar criminals" said to be using this service is Garrett Bauer, who "made tens of millions of dollars illegally trading on stock tips." Bauer used a distinctly modest financial metaphor to describe his plans for surviving the federal hoosegow: "I'm going to be new, so you don't want to stick your two cents in."...MORE