Meet Samuel Israel III. Born into one of the world’s richest families, he rose to the top of Wall Street in the 1980s amid insider trading, drugs, and vice. Founder of the Bayou Hedge Fund Group, which collapsed in 2005, he became synonymous with one of the largest Ponzi frauds in Wall Street's history. But as his fund faced ruin, his story took an astonishing twist. Based on three years of interviews in prison with Israel, acclaimed Rolling Stone journalist Guy Lawson reveals how the conman was himself conned.
Convinced by an ex-CIA operative that a secret bond market existed, Israel wired his investors last $150 million to London and became the target for the strangest swindle in history. From city bank vaults full of US treasury bonds to staged murders in Hamburg, Lawson narrates how the crooked trader lost his grip on reality as he was drawn into an incredible web of conspiracy theory and fraud. A labyrinthine tale of unchecked greed and corruption, this is the most thrilling true story you will ever read.
©2012 Guy Lawson (P)2012 Audible Ltd
I heard about this book on 'the majority report' podcast when the author was interviewed.
This is very funny and informative and allegedly not fiction.
It's about a hedge fund guy who starts a ponzi scheme out of desperation and then falls in with some major con artists starting with a co-star of a Superman movie and Under Siege.
Every moment is documented, it's very specific with dates, people and what happened. I can't tell if it's a brilliant satire or if it really happened, but either way well worth a read, it will definitely keep you up.
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