Every now and then you read a news story about something that you might expect would be a civil litigation matter becoming a criminal case. If you are going ar

Every now and then you read a news story about something that you might expect would be a civil litigation matter becoming a criminal case. If you are going around thinking "potential losses are bounded" you should read some of those stories and think about tail risk. Corporations seem benign when you take for granted that their power isn't directed by anyone who has it in for you personally, and their employees are just going through the motions.