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Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga s Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed takes them in the wrong direction.
In December 1935, F. Donald Coster sat amid the splendor of a luxury Manhattan hotel suite, surrounded by the leaders of the Republican Party. His Washington-connected hosts were eager to evict Franklin D. Roosevelt from the White House and assumed that a prominent and successful business executive like Coster would stand in stark contrast to the borderline-socialist New Deal policies that Roosevelt was inflicting on the country.