Into college legally. Jason joel weber joined us earlier in taking over this issue. Joel we set out to steal your summer with heists. Everybody loves heists stories. Because we are business people, these are business stories. Carol there is one story you described as cinematic. Thats true. Its about addiction. Joel its about a guy in seattle went on an unbelievable bank robbery spree. He hit 30 banks. The bigger story here is that it was about his drug addiction. He went from oxycontin to heroin, and to feel that addiction, he turned to robbing banks. Jason and he did that methodically. One of the things is how powerfully his selfanalysis and selfawareness of what went wrong. Joel thats why he was so good at it and why he talks to us, he becomes this sympathetic character. Hes a very Persistent Bank robber. He was very good at it, a real cornerstone of the heist issue. Jason we go down the coast into the forest. The next story, you cant steal a redwood, but you can still a girl. Joel thats what Sarah Mcbride talks about. The story of the heist is about the mice who try to get away with it and the cats trying to get them. This is about the cats, the Law Enforcement in the National Parks trying to confront this problem of coming into parks and walking out with girls from redwoods or cacti, and turning to technology to help enforce that so that maybe you get away with it but they will find you. Carol lets get more on plant poachers. Jason Sarah Mcbride joins us from san francisco. Learned was two different times. Oldgrowth takes hundreds and hundreds of years to develop. Sometimes a thousand years or more. Then theres a second growth redwood, which grows up much more quickly in its younger trees. And so, a lot of the redwood that is legally for sale is this newer redwood, and its perfectly legal to cut down redwood on private property. Where you run into problems is if its this type of redwood that has taken hundreds of years to develop, that has the type of majesty and dimension that you cant find in the newer trees. And really, the only place where a lot of that is left is our parks, our national and state parks. So people who really want this older type of redwood can be tempted to go to remote areas in national and state parks, mostly in california, and simply chop down pieces of tree, or in this case, the more valuable burrell, when they think nobody is looking. Carol was interesting to ifo too, if they are doing that, theyre breaking the law, one of the thing that was interesting is that they are going after people breaking the law. Sarah this is a problem for all sorts of plants. It particularly has played a role in several of thefts in state parks, these small succulents. In particular, a type of stocky lint called doug leah succulent called doug leah. Those have become wildly popular in asia. And people see people sending outposts and instagram of their collection. And they want them. And 20 years ago, nobody in many parts of the world had even heard of it. And now, people prize them. They really only grow on the coast of california, mexico, basically what we would think of as the west coast. And people have been flying here from asia, just gathering thousands of these and shipping them back to asia, where they might survive six months or a year, and then probably die because the climate isnt ideal for them there. Bust in the past couple of years have generally involved natives from korea, china, japan, and thousands and thousands of these. And i think its similar with redwood. People might see a Facebook Post of something nice, a nice slab of burrell, and they perhaps might want that themselves. Jason so on the front lines of all this are the park rangers, and not park rangers like we would think of and say yogi bear cartoon. These guys, these men and women have a tough job. Theyre Law Enforcement in a lot of ways. Tell us about that. Sarah thats another thing i learned. I thought of park rangers as you describe them. As it turns out, there are several different types of park ranger. There are some that specialize in showing people around the parks and giving talks about what you might see in the park. And then there is a totally different level of park ranger, a park ranger who may train at the same facility as the fbi does in georgia, that is armed to the teeth and basically goes out and enforces the law in these parks. So, they are the ones who are in charge of apprehending criminals in the park. I learned that one part, even yosemite has a jail onsite. This is something you dont think of when you visit a national park. Youre there for a good time and to see nature, maybe hike a little. Unfortunately, there are a lot of people who get into a lot of trouble in these parts. Carol , more from the up next, more from the heist issue. Jason king of the stitches outfoxing drug lords and the dea at the same time. Carol this is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Im carol massar. Jason im jason kelly. Join us every week for businessweek on the radio. Carol you can also find us online at businessweek. Com and on our mobile app. One feature in this heist issue, security fraud made to look easy. Charles koch cash misappropriated tens of millions of dollars from shareholders. Jason the feds caught him, but he kept the money. What happened . Heres matt robinson. Matt he started some funds back in the mid80s, even early 1990s, he raised small amounts from 21000 and investors. And they basically got back with nothing over that time period, the. Com bust obliterated. It was sort of the next big thing, and he had all these, everything kind of just lost value. But in that time, what they showed in trial was he kept up a lavish lifestyle. You know, he used funds he shouldnt have for his own personal uses. Jason and importing polo ponies, cowboy style shooting competition. At one point, he creates his own private boot making shop. Matt he actually went to boot camp. I didnt know it was a thing. You make cowboy boots. A lot of cowboy hobbies. Carol how did this guy come to your attention . Is he one of many people scamming investors . Is it allegedly . A court actually found matt yeah, so a jury found he violated securities laws. What interested me about this, for lawyers, cocash is a legal term. This went to the Supreme Court. Its the case, not the person. Its something the sec has been talking about ever since. They left 900 million, 800 million on the table because not only does he not have to give the money back, everyone else in that same period doesnt have to give it back. Jason explain what happened. This went to the Supreme Court and there was a fundamental legal argument, as it happens, over whether he essentially had to pay the money. Matt right. It all comes down to statute of limitations. For the agency, its five years. So they said, you owe us 3 million penalty. The sec said we want the 35 million, plus interest, of the misappropriation. And he argued well, theyre the same. The penalty is 3 million and you want this other money. He kept appealing and it went to the Supreme Court and they voted 90 hes right. This is a penalty. Jason so the penalty was sufficient. The 3 million was sufficient. Matt that was in the window of the statute of limitations. These funds were started so many years ago. Carol interesting, so investors have given him money get nothing. Matt yes. There were four funds. One got pennies on the dollar, the other just nothing. Jason what was the legal argument . All about statute of limitations . Matt right. And congress does have a few bills in the house and senate to close that loophole to say well, actually, we want you to go beyond that time period. For most bernie made off lasted for so long. These cases go on. Right now, weve been in a 10year bull market. Who knows what else is going on . Carol from running out 00 to running several different circles, a dea informant living a double life as a fashion photographer. Jason and his attempt to scam two of the worlds most dangerous groups, colombian drug lords and the u. S. Government. Most he is one of the successful fashion photographers in miami. Its the turn of the millennium and hes got a penthouse in miami beach. Hes a regular at all the hottest restaurants, always surrounded by the models he photographs. Hes got his own jet. He seems like hes on top of the world. Friends all his fashion and family dont know is that he is secretly working for the u. S. Government as a kind of freelance spy. Carol but thats not it, right . Hes doing that, but hes also friendly with the drug cartels and kingpins. Zeke right. So his job with the government was to improve trait infiltrate the drug cartels, into their social circles, and then gather information and hopefully bring them in to become informants. Carol ok. Zeke but what the government didnt know is that vega, while he was meeting with these guys, while the government was watching him closely, was convincing them that he could take care of all their legal problems, fix their cases, if they would just pay him millions of dollars in bribe money. The crazy thing was, they did it. It seems like it worked. Like, once they paid him, they would be able to travel to miami. They would go to disney world. One of them threw a big party on a yacht. Guys who were wanted for murder were waved through customs. Jason one of the things that happen fairly early on is that he was dearly working with Law Enforcement officials. They were endorsing at least some of what he was doing. Zeke vega would meet with these criminals. Hed give them his pitch. Hed say pay me this money, but youre still going to have to meet with the dea and youre going to have to sign a standard cooperation agreement. So these guys would have paid vega. They would be meeting with dea agents and prosecutors thinking their case had been fixed. Now do the dea agents and prosecutors no that thats what they think . Thats one of the things i was looking into. Jason to say the least, this is a high wire act where hes walking between law and some really bad people and yet, i mean, hopefully this isnt a spoiler, hes still around. You talked to him. Here he is all these years later, look what i did. Zeke i would track down these retired Law Enforcement officials. A lot of them said, vegas still alive . Wow, thats pretty cool. Good for him. Because many of the informants who worked with him were assassinated. And at one point, vega heard from the fbi and his underworld connections that there was a price on his head, too. But that didnt stop him. He kept running the scheme, even after that. Carol but until there was a sting operation and he got caught and arrested and put in jail. Zeke right. So, the story opens with the vega just back from a photo shoot in cancun, i believe, partying with some of his photography and fashion friends, when his doorbell rings and one of his drug trafficker clients is at the door. Not too weird for him. Hes used to that. But the guy seems to have a lot of questions. Remember when i paid you that 7 million . Who did you bribe with that . And vega says dont worry about it. The moneys gone. I spent it. Its not a big deal. But this guy, sort of suspiciously, wants to keep talking about it. The drug trafficker leaves. A new group shows up. Its the fbi and they arrest him. Vega says i did this all for the dea. Talk to my guys there. This is all legal. They say no way, throw him in jail. Carol add to the mystery, the case is ultimately dropped and he goes free. Right, the case was dropped and he does go free, but they say youre right. He did do this but were not going to prosecute for this. Jason we sat down with crunch fitness ceo jim rowley. This is Bloomberg Businessweek. Jason welcome back to Bloomberg Businessweek. Im jason kelly. Carol im carol massar. You can also listen to us on the radio and a. M. 1130 on in new york, 91 fm in washington, d. C. Jason a. M. 960 in the bay area. In london on dab digital and on bloomberg in the business app. They were buying crunch fitness. Carol a little deal flow. Heres crunch ceo jim rowley. Fantastic they identified crunch as an opportunity. I think by now is fitness has never been more popular. With the recent changes in the retail landscape, landlords are finally clambering to have Fitness Companies and clubs as part of their old mall set up, their new mall set up. Its been a fantastic time. With crunch, specifically, because were celebrating a 30 year anniversary. Weve proven a successful track record, both in new york and california, and i think theres a big interest in our platform because of the intellectual property around our Group Fitness classes, personal training and we launched a Franchise Company thats been tremendous. Carol talk to us about that property. Its the fitness base thats been just me. Its changed a lot from when you started toast up at the ip and why it makes you and interesting play. Jim the heart of crunch is Group Fitness. Were innovative in that respect. We take from broadway. We can take from hollywood. We can take from whats happening on the street. We also go out into europe, hotspots in miami. We look for the alternative and the alternative with exercise. We come back and create classes around that are nuanced for crunch members. Carol why sell now . What opportunities does that provide for you . Angela, ourf all, partner for 10 years, 10 years is a long time as a hold for them. The time was now for them. The sad part of that is that they were tremendous private equity partners. I would give them a growing review. I cant say that about every partner weve had. It was time for them. That was the initiative that process forward. Cpd gpt growth, the presentations,he met with mark and i directly, went through the entire presentation. When you get that blessing from that order and magnitude, and chris kelly, who runs the fund for him, it was tremendous. To have that level of tier one private equity enforce your company the timing couldnt have been better. Carol is going public at some point for consideration . Jim i think its always a consideration. Ive never run a Public Company. You hear the horrors of what its like. But when you see the values of what is placed, theres another Public Company in the fitness space doing tremendously well. Its attractive. Its not necessarily a goal, but it is a consideration. Jason when you think about tbg as a partner, Life Time Fitness is another jewel. Clearly, they are making a play on this lifestyle were talking about. How have you come to understand that approach . Jim i think theres tpg and tpg growth. The biggest opportunity for us was access. They own or do own hundreds of companies. So imagine our Little Company getting access to the ceos they partnered with, to the analytics and support they provided, to marketing understanding, especially from a Digital Marketing standpoint. Im most excited about access to their network. Theyve seen a lot and done a lot. To broaden our business experience is something im looking forward to. Carol i do also wonder about kind of this landscape and the choices out there. We spent time with the folks at palatine. The fitness landscape has changed dramatically. How does that impact you . Do you incorporate what they do . Jim great question. Weve done enough studies to understand the majority of people who participate, theyre actually health club members, as well, so its something they do in addition to their health club membership. Our biggest fear is the Netflix Binge watch. Thats our business biggest competitor. We live in a world where you can watch whatever you want for hours upon hours. You dont even have to get food. You call postmates or grubhub. Thats the life a lot of people are living. Carol what do you have to do . Thats a challenge, right . We talk about all these different facilities competing for your time. What do you do to get this people who would rather binge watch for a day . Jim we market like crazy to get their attention. We try to partner with postmates and grubhub to offer free passes. Carol is that productive . Jim it can be. A lot of people made the decision thats not how they want to make their free time. We try to make crunch fund. They want to live a healthier lifestyle, crunch is the first thing they think of. Jason tell us about hiring labor, instructors. There are not enough quality instructors to fuel their expansion. How are you doing with the labor side . Jim thats a great question. When the boutique expansion came to be three or four years ago, it was tough on us because they recruited our top instructors. Our top personal trainers, top right instructors, were being recruited for much higher hourly wage or session fees and so forth. It was difficult in the beginning. What we really tried to do is internalize our training program. Weve got an internal Education Program where we bring people on the margin in terms of being appealing to be hired. Maybe they dont have the experience over the certifications and education, but theyve got the initiative. Well bring them in, trained in the crunch way, and put them into our clubs. Thats helped us identify people that have the mindset, but not the resume yet, and they want to get involved. Carol check out our entire conversation. You can find that at our podcast. We talked a lot of stuff. Jason we did. Hes been through a lot of history. Hes in big marine, some thoughts about where the fitness business is going. Some surprises there. Carol lots more coming up, including a story about a man who could not stop robbing banks. Jason how to fix a soccer match. Dont do it, but this is how you would. This is Bloomberg Businessweek. Jason welcome back to Bloomberg Businessweek. Carol still ahead about the real husbands of the real housewives. Jason plus, how to fix a soccer match. Carol it happens a lot. It is part of a special heist issue. And for more on how it came together, here is the editor behind the issue. The idea is to give people a different experience. The new cycle slows down while everyone is going to the beach or whatever. These are our true crime stories. Last years highest issue is very hesity. This one is a little more heisty. This one is little more expensive and includes other forms of skulduggery. We even have a Service Component to tell the reader how to pull off their own heist. Jason how to fix a soccer match, robert trahan. Rob a train. Show peopleis to how some of this bad stuff happens. Jason what is the thing youre looking for . I was looking for stories that are true and involve something nefarious. So true crime with a variety. So we have stuff that is serious and tragic. Jason the bank robbery story is one of the multifaceted heist stories, because it is a human story, it is about the opiate crisis at its core. Also about a bank robbery. And it is ato it bit of a head sink. It is at addiction story, in both senses. As you say,opioids, but he sort of becomes addicted to robbing banks. Amazing quality where things are piling one on top of the other and people wont be able to put it down. Meanwhile, we look at the story of the snitch at the center of the drug trade and the dea and the gray areas of lawenforcement and crime. That story is wonderful. It is as crazy as anything youll see in narcos. Say, it kind of explores the gray areas in terms of what is legal and what isnt. If you are interested in business, those gray areas are interesting. It is entertaining to see people doing bad stuff but it also shows you what are the balance of morality and ethics. And when business breaks down, what happens . Jason that story about the man who could not stop robbing banks. It is about addictions on several levels. Carol it is indeed. When i reach out to this guy and make contact, it took a turn. It is about a very Successful Bank robber, but that is not what it is about. Carol tell us his story. He was pretty successful at one point. In boeingan engineer who was formerly in charge of the biggest jets boeing makes. Meeting with airlines in every continent, flying around, and he got addicted to opioids. Carol how did that happen . He hurt his back playing roller hockey. Say, ofsy now to course, everyone gets hooked. But then, his doctor said that, he said heres something that helps. It was the only thing that stopped the pain and it was like a miracle because there were times he could not get out of bed. But over time, your body gets addicted. The doctor is, im sure, aware of the problem. But once you are addicted, it is not a conversation to have openly. So then you become an addict trying to function. Carol she did level with boeing. They gave him a leave and more and more companies do this. And the wayreatment he got out of treatment he went and bought bills. Pills. So he comes upon this idea of essentially starting to robbing banks. Desperation and desperate times. Perdue pharma switch is the formula for oxycontin. Epidemichen the heroin starts because the pills are no longer affordable or crushable. Then he starts doing heroin and his problem gets out of control. He ran out of money and lost his job. He robbed the first bank poorly and got arrested carol with his son yes, there are a lot of said elements. He was not convicted and let go, hes in bad shape. He says he gives money to support his habit and also his mother. , andes robbing banks because he is an engineer, he is very good at it. He does not carry a weapon. He says he know they will give me the money if i ask for, and a five smart and fast enough i should not get caught. If i am smart and fast enough, i should not get caught. Jason what is his mindset . What is he thinking . At the beginning, i think he is thinking i wont get caught. I have done a few stories, and they all tell me it is one of the best adrenaline rushes. I think he got somewhat addicted to that as well. But by the time the street comes to an end, he says he was getting pretty desperate. He knew the end was near and he needed help. He did not want to get caught, but when he does, but when he does he thought this needed to happen. Carol now he is on a mission to go after the drug companies. The main thing he wants to do is get back on his feet. He is 50 and needs to rebuild his life. He probably wont get a job at boeing. But he needs to get his life back and find a way to make money. But also, he is angry. I should bee punished for what i did, i robbed banks, ive done my time. But i did not become an addict because i wanted to, i went to my doctor and asked for pills for pain. That is what got me addicted. So he wants to join the fight. Jason up next, watch the by your kid into college . Here is how you can do it the legal way. The husbands of the real housewives, they have perpetrated some interesting heists of their own. Jason this is Bloomberg Businessweek. Carol welcome back to Bloomberg Businessweek. Jason join us every day on the to 5 p. M. Wallm. Street time. Carol and find is online and on our mobile app. In this weeks issue, buying your kids way into college. Jason here is how you can legally game the system. Your kidally cant buy into college but there are ways to be spending a lot of money. So lets review the doors. The front door is that your kid is the real deal. Real academic tops, top grades, top test scores. Done something amazing, some real achievement. Founded here for cancer, etc. Found a cure for cancer, etc. The back door is giving a lot of money. But, of course, there is no guarantee and it could be a really expensive. Carol like a donation to the school . Yeah, potentially tens of millions of dollars. But there is no guarantee come at kid has to be able to do the work. If the kid gets in and cant, it doesnt help anybody. Byhe created the side door lying, cheating, and bribing. Some of the more memorable stuff from the 204 page indictment including photoshop and kids faces onto bodies of crew Team Shopping kidsto faces onto bodies of crew team members, faking disabilities to get more time on tests. That was the cyberwar. The side door. It is safe to say that door is closed. So one way to get your kid and advantage is test prep. What does that mean . To you sending your kid times a week, three times a week. Chances are, the kid takes it seriously, they might be really prepared but there is no guaranteed. Jason one of the things he out thereut, parents are always looking for ways to game the system, some going to extremes. One of the things you say is to go to a place that is not new york or l. A. Or chicago because folks are looking for geographic diversity. And one counselor said tristates with only one congressional district, meaning it is a sparsely populated place. But the trick is you actually have to live there. If you are from california and you have a house in a ski town in montana, you have to live there. They will check that, you cant just put montana. Are your teacher recommendations from teachers in montana . Are you helping that local community and doing volunteer work and Amazing Research . You dont want to fake that, they will check. Carol what about just being a great athlete. If you are a legitimately great player, there will be a lot of people watching. There are a lot of people who rank and see how the kids are doing. Fake ands hard to there are a lot of kids who are very good. You may want to stay away from sports that people are actually watching. We mentioned in the graphic, squash may not be the way to go. One counselor told me a few , that waso rich kids there in, but now the really accomplished squash teams recruit from overseas. These kids are the real deal. Carol how to fix a soccer match. Last year, bookmakers took bets on 75,000 soccer matches around the world. Jason for a matchmaker, that is 75,000 plus chances to profit, in theory, it is easy. He does have to arrange an outcome and bet on it. Is not the greatest betting sport. Baseball is a great betting sport because every pitch is a great opportunity. But there is a lot of ways to tilt a soccer match. Who will get the first corner kick that can bet on the wins, the total score, all that stuff. And there are a lot of ways to influence it or not 100 obvious right away and that is a big key when trying to management and match. Carol how do you start to do this . Jason carol is like, ok, now i need some actual instruction. Carol what do you do . One of the ways i tried to split this up was, theres basically the oldfashioned thing, you groom a player. A longterm project which is why it is frequently organized crime that does this. You have got to get to know them where they are. Company sports radar does classes within talk to Young Players throughout the organization about how this will happen. One of the things is that you wont know when you are being approached because it will just be a guy at the club who wants to pay for your bottle service, maybe arrange a prostitute, whatever. They will do you favors and pay your debt. At some point, they will ask for things and a little bit more. It will come to a point where you have given them enough where if you say no, they will tell the world what you did. And then they own you, and when youre done, they get you another guy. So they wonder how these guys wind up being regulated, its because it started with a were its being manipulated, because it started when they were 17. Carol our bigname players part of this . You can usually rely on the elite talent you can usually rely on the elite talents not be a part of this. Carol and they have folks coming and looking for endorsements. Is more likely to be a defender at the second tier of some european league. Jason and it is not just the players, the rafts refs are a are a mark here. Referees are great because they earn less money. Inically, it is matches parts of the world where the federations are not well supported. Theres not a lot of money or regulation so brides can get you on the pitch even if you are not good or are provably correct. People have security guards to shut off lights halfway through the match to affect markets, people have gotten two teams to just fake the report of a natch. There was a match. There was a report in belarus of a match that never happened. Carol where are the officials in all of this . That is part of the problem. It is a patchwork of regulation. Jason up next, keeping up with the real husbands of the real housewives, spoiler alert, they are not great dudes. Carol plus, eccentric autos from the 80s hit the block at pebble beach. Jason this is Bloomberg Businessweek. Jason welcome back to Bloomberg Businessweek. Carol you can also listen to us on the radio on sirius xm channel 119, and on a. M. 1130 in new york, 106. 1 in boston, 99. 1 f. M. In washington, d. C. Jason a. M. 960 in the bay area, london on dab digital, and through the Bloomberg Business app. Carol staying with this weeks special heist issue, the real husbands of bravos real housewives. Jason our reporter is a fan and has a rundown of the rap sheets. This has been on the show a lot that one is going to be deported because of fraud. But it turns out his scam was pretty involved. First, he is not paying taxes. But he still wants to get some mortgages so he makes upfake tax returns, sends them to the bank, gets millions in mortgages, then does not pay the mortgage. He spent the money, files for bankruptcy, and in order to get your debt discharged what you need to show that you are broke. So they dont even mention that they are getting paid to be on real housewives. Jason that whole thing came crashing down. Both of them went to jail. The housewife herself, right . He husband said she was the mastermind and she did not know what was going on, but apparently the court did not buy it if she had served a year in prison. Carol there are a couple of other couples like the Erin Brockovich lawyer. Talk about him. Oh, yes. So this lawyer appears to be super successful. He brought the case that inspired the movie Erin Brockovich and has done other big cases since then. So,ver, in the past year or he has been sued twice by lenders who say they advanced his firm millions and were not paid back. In the lawsuits, they said he took this money, saying it was for some important legal purchase but you blew it to keep up with the other housewives. He denies this, but the cases are still pending. Jason back in new york, this phrase always races and iran raises an eyebrow. Kingpin. Rycleaning carol i dont watch that one. Tell us about that story. This guy is a real character. He first made the pages of new yorks tabloids in a scandal wj where he had an arrangement from his dry cleaner, and it was like, why would he have these connections . He has been sued a few times by his employees overpaying them less than the minimum wage. Over paying them less than minimum wage. Jason are they not doing a good job of screening them on the show . I dont think they are going for this on purpose, i think that it takes a certain kind of rich person to agree to go on a show like this. Going to get someone from goldman sachs, the employer would never agree to it. Also, one of the guys i wrote about said that he had to run a scam because he just felt so much pressure to appear to be rich because he was on the show. Jason we could not let you head into the summer weekend without checking in with our pursuits theme about a summer staple, the pebble beach auction. Here an amazing car show, is our car expert with a preview. It is a group of four cars available for cell, part of a famous racing series across mud,e in the 80s over dirt, rocks, crosscountry. Very intense, the cars were developed to race in that series. It was so intense it did not last very long. They canceled it because people were dying. Carol oh. But a few of the cards cars have remained and had a special history. Interest is a growing by discerning collectors but also people who just like funky things from the 80s. Carol it is perfect they will be in pebble beach, take a step back to remind everybody about this because it is remarkable. Happensrey car week every year and pebble beach is the climax happening on the sunday. It is the most beautiful and most expensive cars in the world, shown here. It is in carmel, california, very beautiful. There are also auctions during the week and these cars will be sold. Again, they really stand out because they look kind of ugly. Carol tell us about some of the cars. Some of these are not household names. 4, we have got the delta 2 this is probably the most known s4, this probably the most known and has a distinctive clamshell body. It means the back on latches and lifts up completely so that mechanics could get to the mechanics of the car during a race and fix things quickly. This is probably the most expensive of the lot. A similar model sold for millions in germany in april. This one we will be seeing is probably going to go for half a million. Carol tell us about the article. I called the oddball. 6r4. Metro you might recognize the name, this is not that. [laughter] name, buthare the this is a monster that was created. Jason spoiler on the front, spoiler on the back, gills huge gills on the side, two seats, tiny doors, tiny wheels. They were doing what they could to make a fast and the thought was the spoilers would help downforce. They help aerodynamics. Everything was for the purpose of speed, not aesthetics. Jason speaking of aesthetics, you have some great photos of the interior. A little bit austere, shall we say . That is a nice way to put it. Minimal, barebones, everything is metal. No radios, no airconditioning, of course. We are talking metal. The gas tanks were located under the seats of the car, which as we know is not a safe place to put them. It is metal on metal and in the ground. Bloomberg businessweek is available on newsstands now. Jason what is your mustread . Carol i love the story by josh. Here is angic story, a conflict engineer who becomes addicted to opioids. Jason and it does and on a bit of a hopeful note. The guy is very selfaware and he wants to know what happens next. Carol your mustread . Jason mine is a bit of a must listen and must watch. I love catching up with the crunch fitness ceo. Thatng a chance to talk to nexus we are so interested in, fitness and money, i loved it. Carol it is such a big interesting industry. And of course, you can find more stories on businessweek. Com. Jason and check out our on itunes, soundcloud, or bloomberg. Com. Carol more Bloomberg Television starts now. Im Caroline Hyde in for emily chang and this is the best of bloomberg technology. Up next, tesla sets a record, ealing that easily beating analyst estimates. A billionaire investor has advice about bitcoins major swings about telling us his approach to this roller coaster ride