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I remember a story of a bank branch manager who got into embezzling because of his gambling debts in this classic book https://www.amazon.com/Crime-Computer-Donn-B-Parker/dp/06841... I would not say he had a master plan but was making it up to go along and figured he’d win big at the track one day and pay everyone back, (We had someone like that who stole $750k from our county’s bus operator because of gambling too.) Boy if these people were cogs in the machine and probably didn’t see a lot of upward mobility. The perp told the author of the book that he’d “learned his lesson” and that he came across as sincere but FBI agents told him that people like that (gambling addiction + embezzling) will reoffend almost always if given the chance. (One reason I think the European “right to be forgotten” is a problem is because it is a shield for people who use their social skills as a weapon.) |
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Martin Shkreli was doing that, and he actually did win big enough to pay back and still went to jail. SBF also will probably end up being able to pay people back, but it's jail for him too. |
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I recall some research that indicated that embezzlers are far more likely to think that "everyone does it" as well. That attitude is touched on near the end. |
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In USSR similar adage was: “No matter how much you steal from the State, you can’t get even.” (Сколько у государства не воруй — все равно своего не вернёшь.)
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I agree. It might not be that the person was truly wronged, only that the perception that they were slighted can be used as a pretext to excuse their own slights (getting progressively less slight).
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I'm not an expert, but as far as I know, the logic is just a failure of long-term planning to dominate over short-term planning. "I know I shouldn't smoke, but this one cigarette will feel so good".
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Yes, that agrees with the addiction theory of Johann Hari, who has a TED talk and a book[0]. Experiments with rats show a rat will quickly be addicted when the choice is only between water and an opiate. But give the rat something other than a stark lonely existence, like exercise and sexual partners and rat friends, and they hardly use the drug. Similarly, many US servicemen in Vietnam became addicted to heroin while in country, but almost all simply stopped heroin when they were back home around friends and family. [0] Chasing the Scream: The First and Last Days of the War on Drugs https://www.amazon.com/Chasing-Scream-Opposite-Addiction-Con... |
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Ah, yes, I'm not talking so much about how they start, but about why it's hard to quit. The short term pleasure is always more compelling than the long term benefit of not being an addict.
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They look similar but there's a difference. His primary goal wasn't to hurt those people, his primary goal was to make money. the hurting people was a side effect. |
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I didn't think of it as his primary goal, but it is who he is / he doesn't care. Work with someone like that and their intent doesn't matter as far as its impact on you.
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From the original comment, > But he simply didn't have the time to execute because he was secretly splitting his time between 3 companies. So he was fired for low productivity... |
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He was fired for poor performance. So clearly he was only capable of temporarily pretending to have three times the value. Seems like startup senior management potential to me. |
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There is a whole subreddit for this with 300,000 subscribers: https://old.reddit.com/r/overemployed/ When I read the stories I question the payoff matrix a bit - it seems like most have 2-3 $150K/year jobs, but if you're really good at one job and aggressively switch to the highest-payoff opportunities, you can easily make into the millions per year. But it makes a lot of sense for people that are stuck at the bottom of the company ranks and want to generate more transactions for themselves that actually result in more dollars. |
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You can make millions in only a handful of careers. Even in software development, making it to principal at a FAANG is much harder than simply meeting expectations at 3 senior engineering jobs.
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Nah. I know a guy who does this, he views it as a game and all the money coming in is his score. Tripling his salary would just raise his high score and he'd keep playing as hard as ever.
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FWIW, the stories on this Web site appear to be fictional. I just read the lengthy https://www.stimmel-law.com/en/articles/story-13-adverse-pos... which is about a retired machinist engaging in boat jousts on Shaw Lake in Golden Gate Park. There's no trace of a real person named Benjamin McIsserson, and no Shaw Lake in Golden Gate Park. (It's probably a stand-in for Spreckels Lake, which was built for model boats but which has never hosted combat between them.) So take it with a grain of salt. |
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According to the firm that redesigned the website in 2017, Lee Stimmel had written over 600 articles. https://www.baydesignassociates.com/article/website-redesign... Mostly relatively dry discussions, but they do seem a lot better structured than the average blog post, and (thankfully) not AI garbage. He is a good writer. The story OP posted is tagged with "War Stories", and these do seem to be far more literary, with first-person perspective and novel-like dialogue. https://www.stimmel-law.com/en/articles/category/lessons-com... I suspect the same writer really has written all of these. It may be the actual person credited, Lee Stimmel, but it impossible to know if it's a ghostwriter without other samples of Stimmel's writing. But I don't think the technical details of the law would be well captured by a ghostwriter. There is a distinct change of style between both kinds of articles, but to me it feels like the same person writing. |
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> narcissistic people who were utterly twisted by their caregivers as children Please don't be too quick to blame parents - remember we used to blame autism on refrigerator mothers: https://en-wp.org/wiki/Refrigerator_mother_theory -- society tends to victimise mothers and without knowing the people involved nasty stereotypes are unhealthy. Mayo clinic says:
That is: parenting can be a cause but please don't jump to the harmful generalisation that parenting is always the cause.
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Reminds me of the time I spent HOURS preparing to cheat for a history map test in middle school, didn't pass, and realized later how much easier actually studying for the test would have been.
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I always thought the gentleman thief was a fictional character. Assuming this is more or less real (the detailed dialogue is a bit concerning) it’s fascinating.
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Sociopaths who become con men may appear gentlemen. I've met one who posed as a fashion designer. Absolutely dangerous individual, but you'd never guess it from looking or meeting him.
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Money taken like that should not be spent on necessities of life but on luxuries of life. Sylvia Bloom, master of insider trading, disagrees. https://en.wikipedia.org/wiki/Sylvia_Bloom Sylvia Bloom (c. 1919 – 2016) was an American legal secretary. By copying her bosses' investment decisions she secretly accumulated a significant fortune and donated the bulk of it—US$8.2 million—for scholarships for underprivileged students upon her death. She lived modestly in a rent-controlled apartment, and even her closest friends and family did not know about her wealth. |
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The risk for the employer is (risk that an employee is an embezzler) x (risk that your systems fail to catch them), though, so you probably want to minimize both terms?
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> I mean, figure it out. An embezzler has to not only do his or her job well so that no one is looking over his or her shoulder but has to do their job so well that they can steal for months or years and it won’t show up.
Performance and pay aren't 1:1, and sometimes quite far from it. That imbalance or perceived imbalance could certainly drive some to embezzle. Bit of a just world fallacy there.