Full episode
473: Loopholes
Act One

Death Takes a Policy

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.


“Sign It on the Dotted Line” by Caravan