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Notes -
"Smart" criminals, to the extent they exist, are probably in charge of drug gangs. Chicago's drug gangs, for example, were notorious for recruiting the few local kids who got into college to be future leaders. These people are likely making much more money than they easily could going straight.
According to Freakonomics, these kind of people are very careful about being arrested (e.g. not carrying drugs, guns, or excess cash), but also have an incentive to reduce violence since it's bad for business.
Of course, the actual answer to most crime related to these gangs is to decriminalize drugs and gambling and help addicts get clean.
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