473: Loopholes

473: Loopholes

Aug 24, 2012
Only the clever need apply. This week, stories of people acting on a technicality in the face of some of life's toughest regulators: financial regulators, parents and God.
  • An estate attorney in Rhode Island discovers the investor's Holy Grail: a financial scheme that guarantees only reward and no risk. All upside with no downside. The only catch? You have to die in order to get the money. But there's a loophole! Alex Blumberg from Planet Money and Jake Bernstein from ProPublica tell the story of how the attorney, Joseph Caramadre, figured out how to get someone else to die instead.

    For a more detailed version of this story plus graphics, documents, video excerpts of the depositions, and a way for you to weigh in on whether it's acceptable to profit from the death of strangers, visit ProPublica's website.DeathEconomicsLegal System

    Song:
    • "Sign It on the Dotted Line", Caravan

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