So you're telling me jailtime lowers people's IQs?
1. Intelligence is associated with higher impulse control.
2. Intelligent criminals are probably less likely to be caught. They might also have a better chance at working to lower their sentences after being caught.
3. It is harder to be successful with a lower IQ (although I would posit it is far from the most important factor), and economic hardship is strongly correlated with crime.