The Man Who Made Millions Selling Fake Bomb Detectors

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In May, British businessman James McCormick was sentenced to 10 years in prison for the sale of fake "bomb-detectors."

The gadget he sold was based on a fake golf-ball finder and is actually entirely unable to detect bombs—or anything else for that matter.

That detail didn't stop McCormick. He managed to sell 6,000 of his devices to the Iraqi government for a total of more than $38 million dollars.

Adam Higgenbotham, Bloomberg Businessweek reporter, writes about McCormick's rise and fall in the latest issue of the magazine. He joins The Takeaway to discuss McCormick's scheme and why it took so long for the law to catch up with him.