I utilize Profit Without Honor as one of the required textbooks in an college course I teach at Herkimer County Community College entitled CJ 122: Intoduction to Economic Crime Investigation.
I find the book is quite comprehensive, extensively researched and very well written. There is just enough theoretical foundations along with a true plethora of historical and recent examples to educate and inform. My students have received the book very well, commenting that while it is far reaching it is also a fairly easy "read" that isn't to confusing or overwhelming. It's my opinion that Profit Without Honor is an excellent introductory text to aquaint the casual reader or the student with the far reaching, comprehensive nature of economic crime, white collar crime and fraud present today.
I look forward to a third edition when recent incidents such as Enron, Arthur Anderson, WorldCom etc. would hopefully be addressed.
As a side note, the fraud realted quotes from motion pictures that serve as chapter headings are hilarious! (i.e. Teacher: What is the capital of Nebraska? First Student: Lincoln. Teacher: Right. Who freeded the slaves? Second Student: Lincoln Teacher: Right. Charles Keating cooked the books at what S&L? Third Student: Lincoln?)