AST Digital Magazine October 2017 Digital-Oct | Page 21

Volume 17
October 2017 Edition
For example, considering the similarity of the
1987 stock market crash, the 1997-1998 market
disruptions emanating in Asia and Russia, and
the 2007-2008 financial crisis, the financial ser-
vices sector could seemingly benefit from his-
torical scenario-based training programs (see
Wilmott, P. and Orrell, D. (2017), The Money
Formula: Dodgy Finance, Pseudo Science and
How Mathematicians Took Over the Markets, for
an insightful perspective).
(Learn about the Glenn Defense Marine Asia scandal, cour-
tesy of IEN Magazine and YouTube. Posted on May 25, 2017)
Once selected, training is part of every Marshals’
career. Training programs draw on insights from
real-life experience, which includes injuries and
fatalities sustained in the line of duty.
Each lesson that is learned in the field is vital
and therefore subject to intense after action re-
view, the findings of which become part of ongo-
ing training programs.
This is a practice that could be widely applied.
Force Multipliers
Funding constraints are a fact of life for all gov-
ernment agencies, including the Marshals Ser-
vice.
As a result, the Marshals have a long history of
developing creative ways of making the most of
their limited budget and manpower.
One of the most celebrated examples is a sting
operation in the 1980s that was called “Gem
Tours,” in which fugitives received an offer of a
free trip to Atlantic City at their known past ad-
dresses, family addresses, etc.
Many fugitives couldn’t pass up such a great of-
fer, and they were promptly arrested when they
showed up to claim their prize.
U.S. Marshals used another fictitious invitation using Red-
skins tickets to bust fugitives in a 1985 sting. (Courtesy of
The Washington Post)
The Money Formula: Dodgy Finance, Pseudo Science and
How Mathematicians Took Over the Markets
Significantly, nationwide sting operations did not
occur all at once as a major strategic program.
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