Where in the World is David Pajcin?

Let's assess the smarts of David Pajcin, convicted insider trader.

Landed a job as an analyst at Goldman Sachs: Smart.

Organized a scheme to trade on leaks from a Merrill Lynch analyst, a grand juror, and two workers at a BusinessWeek printing factory: Dumb. Really dumb.

Agreed to cooperate with prosecutors in their case against his accomplices in exchange for a lesser sentence: Smart.

Failing to report to his probation officer, after already serving prison time sentenced: So ridiculously dumb it's hard to even comprehend.

Verdict: Dumb.

Bloomberg reports that Pajcin's lawyer doesn't know where he is. Prosecutors have asked a judge to issue a warrant for his arrest.

In January, Pajcin was sentenced to two years and two months in prison, time he had already served since his arrest in 2005. He was required to remain under probation for three years, and he could now face additional jail time for violating it.

It is easy to understand how tempting it might be to run before reporting to prison, as hedge fund crook Sam Israel did before surrendering earlier this year. But skipping out on probation, after spending two years in prison? We can't wait to find out how this one ends.

by Megan Barnett