As the economic tide recedes, it exposes Vall manner of ugliness, from the gargantuan fraud of Bernard Madoff to books-fiddling at Satyam. But what is bad news for most people means more business for Larry Levine, the founder of Wall Street Prison Consultants, which teaches white-collar criminals how to survive prison. Mr Levine, a former private investigator, knows whereof he speaks: he spent ten years shuttling between 11 federal prisons on charges related to narcotics, obstruction of justice and securities fraud. He remains under supervised parole, which means he must conduct all of his business by telephone (passing time in the company of other convicted felons is a parole violation, and would result in his returning to jail). He calls himself a jailhouse litigator ("jailhouse lawyer", he explains, "sounds cheap"). Long stretches in his prisons' law libraries left him more familiar with the Byzantine rules of America's federal prison system than most wardens.
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