An eye-opening window onto Wall Street’s destructive culture of unchecked hubris and a harrowing thrill ride into the...

OCTOPUS

SAM ISRAEL, THE SECRET MARKET, AND WALL STREET'S WILDEST CON

The sordid saga of debauched Wall Street hedge fund manager Sam Israel and how he lost more than $100 million—and most of his sanity.

At one time, Israel could do no wrong. He had the magic touch on Wall Street, seemingly able to turn anything he touched into gold. Never mind that his financial prowess as a trader stemmed from a steady font of insider trading information provided by some of the most conniving players in the stock market. When Israel’s fraud was discovered and his fund inevitably collapsed, he fell prey to even more pernicious con men than himself. Blinded by the promise of billions of dollars and an escape hatch from his sinking firm, Israel decided to roll the dice and bet on the wild schemes of Robert Booth Nichols, an eccentric figure claiming to be an ex-CIA asset. Nichols promised Israel entrance into the dangerous world of international high finance known as the “Shadow Market,” a secretive world where the strapped financier could recoup his losses and even amass a new fortune. However, the Shadow Market didn’t really exist. Or did it? The line between fact and fantasy becomes elusive in the second half of this mind-bending yarn, but Lawson (co-author: Brotherhoods: The True Story of Two Cops Who Murdered for the Mafia, 2006) somehow manages to make sense of it all. He provides a penetratingly comprehensive profile of a crooked trader run amok, and he nimbly traverses the labyrinthine depths of a worldwide banking con that managed to involve looted Federal Reserve notes and the JFK assassination. The author is sympathetic to Israel—at least he, unlike Bernie Madoff, tried to pay back those he swindled—but he doesn't sugarcoat his crimes.

An eye-opening window onto Wall Street’s destructive culture of unchecked hubris and a harrowing thrill ride into the unraveling mind of a desperate operator.

Pub Date: July 10, 2012

ISBN: 978-0-307-71607-1

Page Count: 352

Publisher: Crown

Review Posted Online: May 31, 2012

Kirkus Reviews Issue: June 15, 2012

Did you like this book?

No Comments Yet

IN COLD BLOOD

"There's got to be something wrong with somebody who'd do a thing like that." This is Perry Edward Smith, talking about himself. "Deal me out, baby...I'm a normal." This is Richard Eugene Hickock, talking about himself. They're as sick a pair as Leopold and Loeb and together they killed a mother, a father, a pretty 17-year-old and her brother, none of whom they'd seen before, in cold blood. A couple of days before they had bought a 100 foot rope to garrote them—enough for ten people if necessary. This small pogrom took place in Holcomb, Kansas, a lonesome town on a flat, limitless landscape: a depot, a store, a cafe, two filling stations, 270 inhabitants. The natives refer to it as "out there." It occurred in 1959 and Capote has spent five years, almost all of the time which has since elapsed, in following up this crime which made no sense, had no motive, left few clues—just a footprint and a remembered conversation. Capote's alternating dossier Shifts from the victims, the Clutter family, to the boy who had loved Nancy Clutter, and her best friend, to the neighbors, and to the recently paroled perpetrators: Perry, with a stunted child's legs and a changeling's face, and Dick, who had one squinting eye but a "smile that works." They had been cellmates at the Kansas State Penitentiary where another prisoner had told them about the Clutters—he'd hired out once on Mr. Clutter's farm and thought that Mr. Clutter was perhaps rich. And this is the lead which finally broke the case after Perry and Dick had drifted down to Mexico, back to the midwest, been seen in Kansas City, and were finally picked up in Las Vegas. The last, even more terrible chapters, deal with their confessions, the law man who wanted to see them hanged, back to back, the trial begun in 1960, the post-ponements of the execution, and finally the walk to "The Corner" and Perry's soft-spoken words—"It would be meaningless to apologize for what I did. Even inappropriate. But I do. I apologize." It's a magnificent job—this American tragedy—with the incomparable Capote touches throughout. There may never have been a perfect crime, but if there ever has been a perfect reconstruction of one, surely this must be it.

Pub Date: Jan. 7, 1965

ISBN: 0375507906

Page Count: 343

Publisher: Random House

Review Posted Online: Oct. 10, 2011

Kirkus Reviews Issue: Jan. 1, 1965

Did you like this book?

No Comments Yet

The author brings the case for judicial redress before the court of public opinion.

LICENSED TO LIE

EXPOSING CORRUPTION IN THE DEPARTMENT OF JUSTICE

A former Justice Department lawyer, who now devotes her private practice to federal appeals, dissects some of the most politically contentious prosecutions of the last 15 years.

Powell assembles a stunning argument for the old adage, “nothing succeeds like failure,” as she traces the careers of a group of prosecutors who were part of the Enron Task Force. The Supreme Court overturned their most dramatic court victories, and some were even accused of systematic prosecutorial misconduct. Yet former task force members such as Kathryn Ruemmler, Matthew Friedrich and Andrew Weissman continued to climb upward through the ranks and currently hold high positions in the Justice Department, FBI and even the White House. Powell took up the appeal of a Merrill Lynch employee who was convicted in one of the subsidiary Enron cases, fighting for six years to clear his name. The pattern of abuse she found was repeated in other cases brought by the task force. Prosecutors of the accounting firm Arthur Andersen pieced together parts of different statutes to concoct a crime and eliminated criminal intent from the jury instructions, which required the Supreme Court to reverse the Andersen conviction 9-0; the company was forcibly closed with the loss of 85,000 jobs. In the corruption trial of former Alaska Sen. Ted Stevens, a key witness was intimidated into presenting false testimony, and as in the Merrill Lynch case, the prosecutors concealed exculpatory evidence from the defense, a violation of due process under the Supreme court’s 1963 Brady v. Maryland decision. Stevens’ conviction, which led to a narrow loss in his 2008 re-election campaign and impacted the majority makeup of the Senate, seems to have been the straw that broke the camel's back; the presiding judge appointed a special prosecutor to investigate abuses. Confronted with the need to clean house as he came into office, writes Powell, Attorney General Eric Holder has yet to take action.

The author brings the case for judicial redress before the court of public opinion.

Pub Date: May 1, 2014

ISBN: 978-1-61254-149-5

Page Count: 456

Publisher: Brown Books

Review Posted Online: April 29, 2014

Kirkus Reviews Issue: May 1, 2014

Did you like this book?

more