There was also a contemporaneous all-reprint series from Canada: Crime and Punishment (Superior Publishers Limited, 1949 series); early issues of the two series are difficult to differentiate except by checking for U.S. or Canadian advertising.
There was also a 'Crime and Penalty' #1 mock-up; only one known copy; which utilized Crime Does Not Pay #59 (January 1948) for the contents; apart from a change to the title header, the cover is otherwise identical to the regular Crime and Punishment #1 edition; It's possible the title was abandoned due to its similarity to: Crime Must Pay the Penalty (Ace Magazines, 1948 Series) #33(first issue; February 1948)
Description of the mock-up supplied by: 'Scoop - Crime and Penalty Ashcan Discovered' (internet article; July 27, 2007)