Naked Capitalism link of the day

From today's : Cracking the Scratch Lottery Code at Wired.  I liked this portion:

His next thought was utterly predictable: “I remember thinking, I’m gonna be rich! I’m gonna plunder the lottery!” he says. However, these grandiose dreams soon gave way to more practical concerns. “Once I worked out how much money I could make if this was my full-time job, I got a lot less excited,” Srivastava says. “I’d have to travel from store to store and spend 45 seconds cracking each card. I estimated that I could expect to make about $600 a day. That’s not bad. But to be honest, I make more as a consultant, and I find consulting to be a lot more interesting than scratch lottery tickets.”

Instead of secretly plundering the game, he decided to go to the Ontario Lottery and Gaming Corporation. Srivastava thought its top officials might want to know about his discovery. Who knows, maybe they’d even hire him to give them statistical advice. “People often assume that I must be some extremely moral person because I didn’t take advantage of the lottery,” he says. “I can assure you that that’s not the case. I’d simply done the math and concluded that beating the game wasn’t worth my time.”

Also this:

Furthermore, the Massachusetts lottery has a history of dispensing large payouts to suspected criminals, at least in one Mass Millions game. In 1991, James “Whitey” Bulger, a notorious South Boston mob boss currently on the FBI’s 10 Most Wanted Fugitives list—he’s thought to be the inspiration for the Frank Costello character in The Departed—and three others cashed in a winning lottery ticket worth $14.3 million. He collected more than $350,000 before his indictment.