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Share: 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. Joseph P. Kennedy was one of the most controversial figures in business and politics during the first part of the 20th century. Most people today might recognize him as the patriarch of the dynasty that had a profound impact on government, but the methods that he used to build his business empire deserve attention for this series. An Outsider Standing Out: Kennedy was born in Boston in 1888, the eldest son of Patrick Kennedy, a first-generation Irish-American who made his fortune in saloon ownership and investments and became an important figure in the city’s Democratic Party machinery.

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