One or two high-profile fraudsters have been prosecuted and locked up, but many more have been allowed by financial institutions to slip away into the ether or, even worse, quickly find new jobs. Some have never even left the executive floor. Eraudsters and corporate abusers have a nasty habit of failing to disappear, even when their crimes are exposed and companies and investors have suffered massive losses. Take the case of Brian Hunter who saw his hedge fund Amaranth explode in dramatic fashion, losing investors some $6 billion as a result of his purchases of natural gas futures. Shortly afterwards, he set up another hedge fund. In similar fashion, Ernest Saunders stepped out of prison, having taken his company Guinness into a dishonest takeover, and moved into another company, Carphone Warehouse, as an adviser. When Michael Milken's catastrophic adventure into junk bonds blew up, costing investors billions and himself a prison sentence, he set up Kinder-Care Centers, a profitable childcare service.
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