The Hidden Third Embezzler Turned Prison Entrepreneur | The Hidden Third with Mariana van Zeller
Dec 17, 2025
Justin Paperny, a former stockbroker turned prison consultant, shares his gripping journey from fraud to rehabilitation. He discusses the allure of corporate culture that led him astray, the thrill of cold-calling, and the spiral into criminal behavior. After serving time, he transformed his experience into empowerment, helping others navigate incarceration and rebuild their lives. Justin highlights the importance of empathy and genuine support in the criminal justice system, advocating for reform and dignity for all incarcerated individuals.
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The Call That Changed Everything
- Justin Paperny recounts pulling over on Ventura Boulevard while on a real-estate showing to learn his former client was cooperating with the DOJ.
- The moment captures how quickly status and normal life can unravel when an investigation closes in.
Leaving Merrill Over A Toxic Culture
- Justin explains leaving Merrill Lynch after seeing senior brokers exploit junior brokers' work and seize their books.
- That corporate culture of exploitation pushed him toward choices that later ruined his career.
Value Measured By What It Costs
- Justin reflects that the true value of what you gain is measured against what it costs you, quoting Nietzsche from prison.
- He realized stolen commissions brought money but destroyed his peace and relationships.