Have you wondered what will become of the rapscallions who are guilty of ripping off mutual fund investors?

The answer is to be found in the jumpsuit locker. If there is an orange jumpsuit in their future, as in going to jail, their prospects are bleak, indeed. Despite the popular impression that white-collar criminals enjoy a life of ease, that's not quite the way the world of criminal justice works. But you already knew that. Maybe once they've done their several months behind bars, the more resilient members of the gang can write books that will no doubt say their failure was Mommy's fault, their fifth-grade teacher's fault or just the result of an uncontrollable addiction to cash.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.