Richard Hobbs, a sociologist at the University of Essex who studies crime in Britain, says the country's criminal underworld has changed dramatically in recent years. Rather than congregating in pubs or on street corners, many criminals now live seemingly ordinary lives, raising families and running legitimate businesses. They still participate in crime, but only with trusted associates. "They don't see themselves as criminals, they see themselves as businessmen," Hobbs says.

That makes it easier for elderly criminals to stay in the game. Older criminals often have extensive networks to draw on for needed expertise, Hobbs says. And some essential skills, such as money laundering, don't require physical vigor.

Still, geriatric crime poses special challenges. During the trial of Germany's "Grandpa Gang," the gang members described how their 74-year-old co-defendant, Rudolf Richter, almost botched a 2003 bank heist by slipping on a patch of ice, forcing them to take extra time to help him into the getaway car. And the 74-year-old had another problem, co-defendant Ackermann told the court: "We had to stop constantly so he could pee."

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