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tv   Bloomberg Business Week  Bloomberg  June 29, 2019 3:00pm-4:00pm EDT

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carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelley. we are at bloomberg's headquarters in new york. carol: this week, a special takeover issue. this is a binge-worthy issue telling the stories of robbery, bribery, and fraud. jason: including fuel theft in mexico with tragic consequences and how one man raked in millions on biodiesel tax credit with multiple wives.
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also did it with multiple wives. carol: we begin with "bloomberg businessweek's" joel weber. this is an issue to take to the lake. it is a great read. joel: the goal is to steal your summer. i think we have done that. cover to cover heist stories. they are a type of business story, right? everything is a business story, only it is a business story with a major twist because it is ultimately about crime and the business of crime. jason: and every story has a twist including the story -- i love this one -- about model trains in england. our reporter turned into a private investigator. joel: austin brought us this story. it was just sensational. is thing about a heist story that you want to read to the end because you don't know how it ends and that is where austin excelled. we are talking about model trains. not little model trains, but bigger model trains people ride. there is some humor to that but the story has some real tragedy to it because it devastated the community this story is about.
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carol: people devoted their lives to building these. joel: little pieces of coal, little shovels. it is amazing. carol: from little trains to big gold coins. that is another story in the issue. joel: canada made these gold coins that were worth about $1 million, the size of a car tire. a collector lent one to a museum in germany. it was there, it was on a collectible shelf with a lot of different coins. and one night, it went missing. the story is a graphic novel that unfolds about not only the robbery but the aftermath. jason: joel weber, thank you. carol: for more on how a million dollar coin disappeared from a german museum in just 16 minutes -- jason: we turn to reporter benedikt kammel. >> the big maple leaf coin is one of five big coins minted by the royal canadian mint and they are as big as a tire and they
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weigh 100 kilos, about 220 pounds. solid gold and impressive, imposing. they ended up with investors. one ended up with an investor in germany in dusseldorf and he loaned it to a museum where it sat for a couple of years. jason: it is a couple hundred pounds. and yet, behind-the-scenes, leading up to this, there is an "ocean's 11" type plot to steal this thing. walk us through how they did it. >> one night, three guys show up on a platform nearby, the train platform, and walk across the platform onto the tracks that pass by the museum on an old overpass and they climb up there through a window, go in, break the glass, take the coin and they are out in 16 minutes. seems very simple but if you dig deeper, there was serious planning that went into it. they tried it twice before and
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didn't seem to work out. they didn't make it into the museum. so the third time, they made it in. and what they found was there was one window in the entire museum that didn't have an alarm. that was a window that had been fickle over the years and it always set off a false alarm so they knew about this one window on the second floor. they knew when the guard was doing his rounds, so they struck at precisely the right moment and in the right place. jason: there are a couple of funny or interesting things. one, the police slow walk getting there because they think someone stole a coin, so they don't show up for a while and then they clearly come to the conclusion that this was an inside job. that leads them down one path . but as you say, they never found it. they think it was broken up and sold? benedikt: that's right. i went to one of the court hearings. they did, in the end, arrest four people they think are connected to this.
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i went to the court hearing to hear what the guards had to say and what the police had to say. one of the guards was telling how when they discovered the coin had gone missing, they called the police and said come here quickly. there is a coin missing. the police probably thought what is the big deal? you guys have hundreds of coins and someone slipped it in their pocket. they didn't realize this was the big coin that had gone missing. probably nobody thought this was possible. when they eventually showed up, they started asking some questions like how was it that these three people went down the platform, how would they know when the guard did his rounds? how would they know this particular window was the only window you could get into? all of these kinds of things, and then, they quickly started thinking maybe it was the guard who was on duty that night and they dropped that.
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but they poked around inside the museum and came to another guard who was friends with someone they already suspected and that is how the noose closed around these four guys who are on trial. carol: next, a sobering story. a gas heist gone terribly wrong in mexico. jason: fuel fraud. the story of how one man stole $500 million from the u.s. government. carol: this is "bloomberg businessweek." ♪
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carol: welcome back to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelley. join us for "bloomberg businessweek" every day on the radio from 2:00 to 5:00 wall street time. carol: you can find us on businessweek.com and the mobile app. a gas heist gone wrong. jason: fuel theft in mexico is an economic burden, one that you the government and the oil giant have done little to slow down. carol: it is also a huge hazard. here is amy stillman in mexico city. >> it is important to remember mexico is a country where fuel prominentbecome a issue here. we see increasing numbers of pipeline taps on the network of pipelines from the state-owned oil company. often, these taps result in explosions that can kill people.
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we see up to 42 pipelines tapped a day in mexico which is really bad. in this case, january 18, not that long ago, when you had some people tap one of these pipelines. and as a result, gasoline was pouring out of the pipeline, premium gasoline. people from around the area of the state of hidalgo in central states one of the key where these occur people started , gathering. this is a poor area and people saw the opportunity to get free gasoline. the numbers kept increasing and increasing until you saw around 600 people in total there. this also occurred in the middle of a crackdown by the government on this problem. while there were soldiers standing guard over the
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pipeline, because the crowd had swelled to such a number, they felt they couldn't intervene because it could become a riot. unfortunately, that many bodies, people bathed in the gasoline, eventually what authorities say was static electricity caused a spark and that spark resulted in the entire area igniting. people were essentially burned alive. it took a very long time for firefighters and ambulances to get to the scene. and sadly, it resulted in 137 people losing their lives. jason: talk to us about pemex's role in all of this because there is a corruption element that is part of the crackdown you have been alluding to in the sense that a lot of what was going on was effectively x or enabled,y peme
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right? amy: it is a state-owned company that had a monopoly until recently over the entire sector. as a result, it is an enormous company. there are 128,000 employees at pemex and that is not even all the people contracted by the company. many of them got involved with people selling fuel on the black market as early as the 1990's. there is a report earlier in the year where government officials said probably about 80% of fuel theft was conducted with the help of pemex employees. so this is a problem of endemic corruption within the company. it has been very hard to address because it is so pervasive and because the company is so enormous. carol: they are so important to the mexican economy as a whole, obviously, but you do wonder
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about -- how you said -- enabling these people because there were guards. but those guards were instructed to notify the company but keep watch. they didn't get involved. you wonder what is the company's responsibility here. i'm curious what you are hearing out of mexico and out of pemex about their responsibility in all of this? amy: the company and the economy are tied together. pemex represents about 20% of the federal annual budget, so it is an important contributor to the economy. and this practice of fuel theft results in about $3 billion in losses every year for pemex. it is substantial. carol: from fuel theft to fuel fraud, jason kingston raked in in biodiesel tax credits and has $500 million multiple wives. jason: our reporter tells us about the polygamist skimming the u.s. with an unlikely
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helper. >> it centered around a mormon sect in utah known as "the order" and two brothers, jacob and isaiah kingston. they ran a biofuels company that the internal revenue service said engaged in a massive fraud over several years. their partner in this according to the government is lev dermen, an armenian immigrant who has been accused of several crimes over the years and been acquitted. the government said is that over the period of several years, they defrauded the i.r.s. out of $511 million in biofuel tax credits and they then laundered $134 million of that to turkey and lived a very lavish lifestyle. there is a lot of witness intimidation alleged in this case and some quite colorful characters as witnesses along the way. carol: tell us about "the
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order," because i don't know that everybody is below your with it. david: it is a polygamist sect . and people have several wives and many children and it is a hierarchical society, which has a prophet who determines where people work, who they will marry, essentially how they live their lives. and they own more than 100 businesses in the west and generate hundreds of millions of dollars in revenue, and that money is supposed to be shared only with "the order." but in this case, the government claims these brothers, jacob and isaiah kingston, kept a lot of that money for themselves and lived a very lavish lifestyle, as did lev dermen.
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this is the allegation. dermen drove a $1.7 million bugatti. the kingston brothers drove fancy cars and jacob kingston lived in quite a mansion. all of which is against the general ethos of "the order." jason: how did these guys get together in the first place? david: that has not been fully spelled out in the case but they met in february of 2011 at a biofuels conference in las vegas. the kingstons created biofuels which could then be mixed with the soul. and there is a federal law that is about a decade old that encourages the use of biofuels. at increasing amounts as the years go by. all the big refineries and oil companies are required to use these biofuels which is what the kingstons produced. the government says they didn't
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actually produce what they said they did and they engaged in a very elaborate kind of daisychain of moving materials around the u.s. and in the caribbean to make it appear they were selling products they said they were producing, that they were not actually producing. and so, -- carol: not producing but getting tax credits? david: not producing what they said they were producing and still getting the tax credits . and that is the heart of the fraud alleged. carol: the kingstons said this isn't what happened? david: they said they produced everything they said they did and deserved these credits. lev dermen -- they've all pleaded not guilty. jacob kingston's mother and wife are also under indictment. they are going to trial in late july in utah. carol: one of his wives. david: that's right. lev dermen has asked the judge to be tried separately saying he
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is not involved in all of this fraudulent activity with the kingstons and that has to be determined. the kingstons have also asked the judge to bar any reference to "the order" or to polygamy because they think it is prejudicial. carol: coming up in the heist issue, how to rob a train. jason: and the little engine that vanished. this is "bloomberg businessweek." ♪
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jason: welcome back to "bloomberg businessweek." i'm jason kelley. carol: i'm carol massar. you can listen to us on radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. and am 960 in the bay area. jason: and london on dab digital and through the bloomberg business app. staying with our special heist issue, copper mines in chile have always presented a target for thieves. we are talking about an area as big as nebraska. it is mostly uninhabited and because copper is crucial to everything from electronics to plumbing, it is easy to find a buyer. carol: big companies have added more security around the mines. but one thing remains, the trains that transport the metal.
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>> copper theft is a major issue in chile. it is the world's largest producer of that metal. and obviously the amount of , copper produced in chilean mines is a great target for robbers, for thieves in that part of the world. it turns out that mines in northern chile are in the middle of the desert so quite isolated . it makes for an easy target that for the people that want to rob them. for a while, thieves robbing the mines themselves. breaking into the minds and putting it in their backpacks or more professional bands would put it in the back of their pickup trucks or bigger trucks. but as the copper miners and companies started to get more serious about security, they started to hire people that could look after the mines 24/7.
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the thieves came up with a different solution which was to rob the trains that transported the copper from the mines to the nearest ports. we are talking about kilometers of an surveilled desert where the copper thieves can rob them. jason: they found that while wire is easily transported, slabs can be more effective. a little more complicated because they are heavy, but it has led to interesting ingenuity. laura: absolutely. the traditional way has always been the smalltime thief could go into the mines and steal the wires which are easier to hide runk backpack or in the tu of your car. that can be sold for around 100 u.s. dollars, but if you get a hold of one slab or more than one slab, they can be sold at around $500 each on the black
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market, which means that the thieves have an incentive to get organized and get a few people together and figure out a way to rob that. carol: a couple of tips you have, you have to do it at night. but i love one of the possible solutions to get these big slabs off. you tie some rope to a giant rock on the ground and then hop on the train? laura: that's right. when we found out about this story we started talking to the , local police. and at the time we started covering that, there was still not a special police force to cover that. but at the moment, there is a police force that investigates the copper thefts on trains. they told us the robbers prefer full moon nights because they don't have to use the lights of their cars. in the light of the moon, they can see the trains coming, approach them, and jump on them
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and steal copper. there are different ways they do that. the thieves approach the trains on their pickup trucks, they match the speed of the train, jump on top of the train which can be quite dangerous, and can either throw the slabs directly on the desert ground or they can also tie a rope around the slabs and tie an anchor to that rope so the anchor drags all the slabs on top of the desert floor. what happens is there is someone on top of the train. there is someone on a pickup
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truck following the train and picking up the slabs that fall on the desert. jason: laura, one of the big issues here is you've got to be able to move it after you steal it. that seems to be getting harder and harder, thankfully, for those of us who are law-abiding citizens. tell us about the crackdown. laura: whenever there is a theft in one of the trains, the first thing the train drivers do is call the police and say there has been a robbery on my train. please come and help. they might stop the train. they might keep driving to the nearest port, but the police set up lots of roadblocks to make sure they can catch these thieves carrying the copper on their pickup trucks. some thieves have been caught after robbing the trains, but then the police think the smartest thieves are just disappearing into the desert. finding secret spots to hide the slabs for a while. so when the police pressure cools off and the police stop looking, they unbury that loot and drive to the nearest scrapyard or figure out how to get the copper out of the country. carol: coming up, we continue with train robberies, but this one on a smaller scale.
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kind of smaller. jason: about 1/12 size. that is part of this week's special heist issue. this is "bloomberg businessweek." ♪
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jason: welcome back. i am jason kelly. carol: welcome to the hacker hotel. watch that wi-fi, it may be tapping your credit card. jason: plus, more train robberies. carol: it is all part of a special bloomberg businessweek "heist" issue. we talked to the men who put it all together. >> this is our summer reading issue. the idea is to give people a different experience.
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the news cycle slows down while everyone is going to the beach or whatever around the fourth of july, so these are our sort of "true crime" series. this one, all the stories involved a thing getting stolen. this one is a little more expansive. it includes heists, scams, fraud, other forms of skulduggery. carol: what story really stuck with you? >> i guess the story that stuck with me most was this story about the model train robbery. carol: yeah! >> it is kind of ridiculous because the stakes are quite low. it is about the theft of some of very small trains. and i don't want to ruin the whole story, but austin basically turns detective and tries to solve this mystery. and in the process, reveals an
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some stuff about his own family . his families and to model trains. and the nature of hobbies. there's also a wonderful main character who is the secretary of this model railroad club who becomes a very effective detective. carol: not trains, but she becomes a good detective. jason: for more on the little engine that vanished -- carol: it is a big mystery. carr. to reporter austin >> i realized there was this weird trend of an incredible number of heists and vandalism's of model train exhibits, stores, and clubs like the one we talk about in our story. on in the u.s. and particularly in the u.k., there was a string of them which led us to england. carol: tell us about this club. >> it is just the cutest place
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filled with the loveliest people. i was delighted to go there, i had no idea what to expect. and these folks, it is a model train club but really is an engineering society. a lot of them are engineers, they grew up that way, building these things with their hands or went to college or the military for it. is a club about building live steam engines. but the whole idea is to educate kids and get them interested in the idea rather than just the model trains themselves. jason: and so, there was a robbery. and you describe in great detail how they think it was pulled off. pretty brazen. >> incredibly brazen but also professional. and i don't want to give any spoilers away, but in the midnight witching hour of valentine's day, you had a van pull up to the small roundabout that was aa farm
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retired airfield used in the battle of britain. it is now the home of this train club. the thieves snuck through the back, clipped through multiple fences, used angle grinders to get within these containers, click in to find these locomotives which way about 100-300 pounds. they had to wield a back over the fence, use a hoist to get them over another fence. they did this three or five times. jason: when we talk about model trains, we are not talking like the little ones. >> you guys might be used to lionel trains or hornby or lego trains, thomas the tank, these are larger. they are called locos, the terminology is another thing i love about this. these things are pretty big. adults can ride on them. they are pretty large, 1/12 the size of an amtrak train, let's say.
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the folks that oversee this club, they wake up the next morning? >> it begins like an agatha christie novel. there is a leisure center, a ymca maybe, and he was just near that club with his wife and their cocker spaniel. they were walking along near this gated, fenced off train club. in the grasp, there's a pathway. in the distance, he saw a few of the doors were just off their hinges. he thought initially another member was just doing some maintenance work, but as he got closer, clearly something was awry. his wife immediately called the cops and he knew to call the one person who was the protagonist in the story, tricia. she immediately zooms over and with her husband and that is when they begin their personal investigation. carol: you became an investigator of sorts.
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i feel like we have a little masterpiece theatre going on here. >> i do masquerade as an investigative journalist. [laughter] >> when i arrived, i went into this thinking that i would be the one who will have to this all on my own. it was a very condescending notion. a lot of presumptions because they are older people. it turns out the woman had done an exceptional job, she had done my homework, she should be the journalist. the amount of paperwork she had photographs, evidence. meticulouslywas documented. just providing that give me a huge head start. but yes, i contacted a private detective, i went house to house, i went to local bars and spoke to councilmen. there was a big lead we could talk about that almost broke the case open. i don't want to get into spoilers. you know, maybe the thieves out there, we are on to them. jason: we will have more on the
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train robbery of next. carol: all part of this week's special heist issue. jason: this is "bloomberg businessweek." ♪
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jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: and i am carol massar. join us every day on the radio from 2 p.m. to 5 p.m. wall street time. you can also catch up by listening to our podcast. jason: and you can find us online and through our mobile app. carol: staying with the model train robbery -- jason: we take you to the small town in england where thieves stole a valuable collection of those scaled-down locomotives. >> in kent, england, since a a group of train enthusiasts where, since 1953, hobbyists me to work on their
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mini-locomotives. the work that goes into them is massive. >> most take five to 10 years. some people have been working on them longer than that 20, 25 , years. you've got to maintain them, and that takes quite a lot of doing as well. >> the club is open to the public on sundays, hosting birthday parties, charity runs, and other events for children. >> it is a great hobby to have. a lot of the youngsters that come up here do appreciate what we do. i've got grandchildren of my own, and i know how much they enjoyed it. over the years, i have had 3, 4 engines. sorry, do you want me to talk about the robbery or not? >> on february 14, 2019, the unthinkable happened.
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and the club would never be the same. ♪ >> we just sat down to eat breakfast when i received a phone call from one of our members who is a dog walker and uses this pathway. he just said i'm sorry to tell you, but we have been burgled. as we came through the gates, the door to the clubhouse was off its hinges and laying on the ground. both of these containers were open with debris inside where they had gone through everything, broken into locks where the trains were. >> in total, four trains were stolen, two belonging to
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individual members and two owned by the club itself. the value of the goods was estimated at 25,000 pounds. >> letting people know what has happened, calling them up was the worst thing i have ever had to do. it was horrible. there were tears. they may be grown men, but there were tears, on my side and theirs. >> when i walked in and realized that my engine had disappeared, i must admit, at that time i felt like packing up, to be honest. i had that engine over 20 years, to maintain it and keep it running. it was devastating, really, absolutely devastating. my grandchildren my grandson , especially, because he loved it, and it really upset him.
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it really did. >> the second member whose trade -- train was stolen decided to leave the club. he was too heartbroken to continue. others, like tricia, focus their energy on investigating the crime. >> we now know that the thieves had a van of some sort parked at the end of this pathway. they walked down this pathway, cut the farmer's fence, climbed over, which brought them to the back of our containers. on entering, they angle grind through all of these hinges. this last container here is where our two club engines were stored. ♪ >> the police were unable to uncover any additional clues. but that night, tricia received
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a phone call from a model railway shop in hempstead, a town 90 minutes from kent by car. a man was offering to sell some model trains. but when asked about paperwork, a requirement for all engines, the man drove off. >> it was a matter of seconds, he said, when his helper in his shop came out and said you'll never guess what, they have had four locos stolen. he was gutted. from there, we have had no leads. we are hoping these people will lead them somewhere, because they cannot use them or get rid of them without the paperwork. and to the members, it would be lovely if they were found in a ditch somewhere or a field, anywhere, even if they were damaged. we have the facilities to repair them.
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the members were quiet for a few weeks. gradually, we were lifted by the community around us who decided to do a giving page for us and raise money. >> donations to the club totaled over 5000 pounds, mostly from small contributions by friends, community members, other clubs, and complete strangers. >> the frowns and tears gradually turned to smiles again. >> we had such support from the community. a lot of us could not believe it. we just saw it as a love of our own, a hobby that keeps us busy. but when we saw support from the public, it was just brilliant. >> we have bounced back very well, actually. i went out and one of our club logco ford another
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sale. i felt sorry for him, really, because what he has given me is better than what he has got. >> the culprits are still at large, but the club is as strong as ever. chugging right along with a newly completed expansion of their track. >> these people will not stop us because we love what we do. and that is the truth. and if you enjoy what you are doing, there is nothing better than that. i think that says it all, really. ♪ jason: next up, we take you undercover to uncover the security flaws in hotels. carol: i like what you did. plus, what is the number one restaurant in the world? we will tell you. jason: this is "bloomberg businessweek." ♪
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jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: and i am carol massar. you can also listen to us on the radio on sirius xm channel 119, and on a.m. 1130 in new york, 106.1 in boston, 99.1 f.m. in washington, d.c. jason: a.m. 960 in the bay area, london on dab digital, and through the bloomberg business app. carol: staying with this week's special heist issue, malware and mini-bars. jason: reporter pat clark goes undercover to uncover security vulnerabilities in hotels. >> i walked into a hotel with security experts and watched them as they went about identifying and beginning to exploit the vulnerabilities that
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they saw. it started from the moment we walked into the hotel. one of the guys i was with walked along the front desk while another hacker was checking in. he noticed that at the end of the front desk are a bunch of computers used to take reservations, swipe credit cards, process payments. and all the way over there were machines where nobody was sitting. the screens were not locked. theoretically, he could have reached over-the-counter and slipped a little usb drive into the end of the machine and all of a sudden been logging every keystroke the machine made. carol: apparently, that is just one opening in the hotel environment that people can access a lot of information. and that is what these guys were looking for. >> it is all over the place. from the hotel websites to hotel wi-fi, which is a big one. if you are using hotel wi-fi, and it depends, you can configure your wi-fi setup.
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one of the more interesting things is that even five or 10 years ago when it was more common to pay for wi-fi, there was a higher degree of security around that. because you were getting an individualized wi-fi access point. because you were paying for it and it would give you some kind of credential linked to your name and credit card and all that. now, everybody wants everything immediate, free, and easy, and wi-fi has become no longer something we think should pay for in hotels but should be part of what they provide us. so what you get instead is a completely public wi-fi, no log in. a much better system would be based on your room and there would be a password. even better would be based on email address or social media account. but so every single user has a credential.
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one of the reasons this is important is they created a simple way with just their cell phone, they created a wi-fi access point with his phone that was named after the hotel. they said if you really want to be a jerk, you would say the name of the hotel and then free. or name of the hotel, fast. even more enticing. carol: you see when you get in, you will see multiple names. and what is the real one, assuming the safe one? >> immediately, six devices had jumped over. it was not people pulling it down and looking for the right one, it was their devices automatically finding the network. we did this on the basis of we are not going to do anything illegal, obviously -- carol: these are good guys. jason: white hats. >> these are white hats. and the hotel is a client, we
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had permission from the general manager to go in and mess around. but we were not going to compromise a guest in any way. and there were some other things we were not going to do. if he had gone in in a more serious way, he would have come in with a device called a wi-fi pineapple. it would do the same thing but automate the process of using this initial exploit of tricking people's phones and laptops into switching on to this evil wi-fi network to then start listening into all of the communications they are doing. you send an unencrypted passwords somewhere, the guy over here with the pineapple is going to know. and from there, the possibilities kind of continue. much of what these guys showed me, the idea is you are looking for an access point or a door and you see where that leads.
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and maybe being able to snoop on communications of my devices, whatever emails i am sending or whatever else i am doing, maybe something i do is going to give this guy more access. jason: so we can't let folks go without a little bit of "pursuits." so we turn to the number one restaurant in the world. carol: first of all, it is a survey, right? >> yes, the number one restaurant in the world is like the oscars. the announcement of it the , excitement leading up to it, this is like the big day. they announced the number one restaurant in the world. and it was a surprise, it has never happened before. it is a place in provence. carol: how could that never be? >> this is the first time france a top spot in the 18 years they have been announcing these awards which is kind of crazy, right? france is one of the great food countries of this world.
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jason: so they changed the rules a little bit this year and that led to a little bit of disruption. >> this option is the right word. this is the survey that put that restaurant in copenhagen on the map, and that changed everything. that is when you started to hear about foraging and scandinavian food. so now everything old is new , again. so they put these all places off the list because these places that had one cannot win anymore. jason: they changed the rules so re, you you have won befo are now relegated to the best of the best. carol: well done, smart move. >> it is smart on a lot of levels. it is smart for them because they get to mix it up and address diversity more. it is still like a white guy
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winning, but they can address a new cast of characters. but the chefs like it, because if they are number one and there restaurants start slipping, that is embarrassing for them. they think people will not go anymore. so if they get to be in the hall of fame, that's good. carol: we can't go through all the names, but tell us about the winner. >> the winner is in provence. the chef is argentinian-born, and he has adopted local ingredients. and the best restaurant in america is number 23 in new york. it is a fancy mexican restaurant and it is great. jason: and its chef won some accolades of her own. >> exactly, ines won best female chef in the world, so there are a lot of reasons to go. jason: and we have to mention noma because it made its way onto the list at number two. >> if you want some scandal, you have to talk about noma, which
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some say should be on the best of the best list because it has won a number of times. but they have a new location and a new format and is at number two. it went up 99 places to number two. that something to talk about. carol: thank you as always. "bloomberg businessweek" is available on newsstands now. jason: also online and through our mobile app. what is your must-read? carol: i like the story about jacob kingston out there in utah. he is a polygamist, allegedly tapped into biofuel credits. amassing $500 million. so unraveling that story, that was an interesting read. jason: i loved austin's, he delivers with such enthusiasm. and if you go to the story online and in the magazine, you also learn it is a personal story for him. not just because he became a detective, but he sort of bonded
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with his dad a little bit. carol: a very sweet moment. jason: check out our daily business week podcast on itunes, soundcloud, or bloomberg.com. carol: more bloomberg television starts now. ♪
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♪ back atay, we will look my favorite gadgets and interviews from past episodes. you will meet the most amazing and inspirational guests, about how technology is making a difference in their lives. of this tech comes with a manual. i will point out our most popular ones so you can be a pro too.

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