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| ex-goldman banker convicted of insider trading: The Billionaire's Apprentice Anita Raghavan, 2015-06-02 Just as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-American's turn. Citigroup, PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known as the Twice Blessed. Yet little is known about how these Indian emigres (and children of emigres) rose through the ranks. Until now... The collapse of the Galleon Group--a hedge fund that managed more than $7 billion in assets--from criminal charges of insider trading was a sensational case that pitted prosecutor Preet Bharara, himself the son of Indian immigrants, against the best and brightest of the South Asian business community. At the center of the case was self-described King of Kings, Galleon's founder Raj Rajaratnam, a Sri-Lankan-born, Wharton-educated billionaire. But the most shocking allegation was that the éminence grise of Indian business, Rajat Gupta, was Rajaratnam's accomplice and mole. If not for Gupta's nose-to-the-grindstone rise to head up McKinsey & Co and a position on the Goldman Sachs board, men like Rajaratnam would have never made it to the top of America's moneyed elite. Author Anita Raghavan criss-crosses the globe from Wall Street boardrooms to Delhi's Indian Institute of Technology as she uncovers the secrets of this subculture--an incredible tale of triumph, temptation and tragedy. |
| ex-goldman banker convicted of insider trading: Mind Without Fear Rajat Gupta, 2019-03-24 “A propulsive narrative filled with boldfaced names from business and politics. At times, it is a dishy score settler.”—The New York Times For nine years, Rajat Gupta led McKinsey & Co.—the first foreign-born person to head the world’s most influential management consultancy. He was also the driving force behind major initiatives such as the Indian School of Business and the Public Health Foundation of India. A globally respected figure, he sat on the boards of distinguished philanthropic institutions such as the Gates Foundation and the Global Fund to Fight AIDS, Tuberculosis and Malaria, and corporations, including Goldman Sachs, American Airlines, and Procter & Gamble. In 2011, to the shock of the international business community, Gupta was arrested and charged with insider trading. Against the backdrop of public rage and recrimination that followed the financial crisis, he was found guilty and sentenced to two years in jail. Throughout his trial and imprisonment, Gupta has fought the charges and maintains his innocence to this day. In these pages, Gupta recalls his unlikely rise from orphan to immigrant to international icon as well as his dramatic fall from grace. He writes movingly about his childhood losses, reflects on the challenges he faced as a student and young executive in the United States, and offers a rare inside glimpse into the elite and secretive culture of McKinsey, “the Firm.” And for the first time, he tells his side of the story in the scandal that destroyed his career and reputation. Candid, compelling, and poignant, Gupta’s memoir is much more than a courtroom drama; it is an extraordinary tale of human resilience and personal growth. |
| ex-goldman banker convicted of insider trading: Goldman Sachs Lisa Endlich, 2013-02-20 The history, mystique, and remarkable success of Goldman Sachs, the world's premier investment bank, are examined in unprecedented depth in this fascinating and authoritative study. Former Goldman Sachs Vice President Lisa Endlich draws on an insider's knowledge and access to all levels of management to bring to life this unique company that has long mystified financial players and pundits. The firm's spectacular ascent is traced in the context of its tenacious grip on its core values. Endlich shows how close client contact, teamwork, focus on long-term profitability rather than short-term opportunism, and the ability to recruit consistently some of the most talented people on Wall Street helped the firm generate a phenomenal $3 billion in pretax profits in 1997. And she describes in detail the monumental events of 1998 that shook Goldman Sachs and the financial world. Her book documents some of the most stunning accomplishments in modern American finance, as told through the careers of the gifted and insightful men who have led Goldman Sachs. It begins with Marcus Goldman, a German immigrant who in 1869 founded the firm in a lower Manhattan basement. After the turn of the century, we see his son Henry and his son-in-law Sam Sachs develop a full-service bank. Sidney Weinberg, a kid from the streets, was initially hired as an assistant porter and became senior partner in 1930. We watch him as he steers the firm through the aftermath of the Crash and raises the Goldman Sachs name to national prominence. When he leaves in 1969 the firm has a solid-gold reputation and a first-class list of clients. We see his successor, Gus Levy, a trading wizard and in his day the best-known man on Wall Street, urging greater risk, inventing block trading (which revolutionized the exchanges), and psychologically preparing Goldman Sachs for the complex and perilous financial world that was the 1980s. Endlich shows us how co-CEOs John Whitehead and John Weinberg turned the family firm into a highly professional international organization with a culture that was the envy of Wall Street. She shows as well how Steve Friedman and Robert Rubin brought the firm to the pinnacle of investment banking, increased annual profits from $900 million to $2.7 billion, and achieved dominance in most of the businesses in which the firm competes internationally. We see how Goldman Sachs weathered both an insider trading scandal and the fallout from its relationship with Robert Maxwell. We are taken to the present day, as Jon Corzine and Hank Paulson lead the firm out of turmoil to face the most important decision ever placed before the partnership--the question of a public sale. For many years the leadership wrestled with the issue behind closed doors. Now, against the backdrop of unforeseen events, we witness the passionate debate that engulfed the entire partnership. A rare and revealing look inside a great institution--the last private partnership on Wall Street--and inside the financial world at its highest levels. |
| ex-goldman banker convicted of insider trading: Uneven Justice Raj Rajaratnam, 2021-12-14 The inside story of a case that illustrates the horrific perils of unchecked prosecutorial overreach, written by the man who experienced it firsthand. Raj Rajaratnam, the respected founder of the iconic hedge fund Galleon Group, which managed $7 billion and employed 180 people in its heyday, chose to go to trial rather than concede to a false narrative concocted by ambitious prosecutors looking for a scapegoat for the 2008 financial crisis. Naively perhaps, Rajaratnam had expected to get a fair hearing in court. As an immigrant who had achieved tremendous success in his adopted country, he trusted the system. He had not anticipated prosecutorial overreach—inspired by political ambition—FBI fabrications, judicial compliance, and lies told under oath by cooperating witnesses. In the end, Rajaratnam was convicted and sentenced to eleven years in prison. He served seven and a half. Meanwhile, not a single senior bank executive responsible for the financial crisis was even charged. Uneven Justice is the story of his bewildering and confounding prosecution by forces who, quite frankly, were looking for bigger game. When Rajaratnam refused to support the narrative that would make that happen, he and the Galleon Group became collateral damage. A cautionary tale with implications for us all, Uneven Justice is both a riveting page-turner and an eye-opening lesson in the vagaries of justice when an unscrupulous prosecutor is calling the shots. |
| ex-goldman banker convicted of insider trading: The Chickenshit Club Jesse Eisinger, 2017-07-11 Winner of the 2018 Excellence in Financial Journalism Award From Pulitzer Prize–winning journalist Jesse Eisinger, “a fast moving, fly-on-the-wall, disheartening look at the deterioration of the Justice Department and the Securities and Exchange Commission…It is a book of superheroes” (San Francisco Review of Books). Why were no bankers put in prison after the financial crisis of 2008? Why do CEOs seem to commit wrongdoing with impunity? The problem goes beyond banks deemed “Too Big to Fail” to almost every large corporation in America—to pharmaceutical companies and auto manufacturers and beyond. The Chickenshit Club—an inside reference to prosecutors too scared of failure and too daunted by legal impediments to do their jobs—explains why in “an absorbing financial history, a monumental work of journalism…a first-rate study of the federal bureaucracy” (Bloomberg Businessweek). Jesse Eisinger begins the story in the 1970s, when the government pioneered the notion that top corporate executives, not just seedy crooks, could commit heinous crimes and go to prison. He brings us to trading desks on Wall Street, to corporate boardrooms and the offices of prosecutors and FBI agents. These revealing looks provide context for the evolution of the Justice Department’s approach to pursuing corporate criminals through the early 2000s and into the Justice Department of today, including the prosecutorial fiascos, corporate lobbying, trial losses, and culture shifts that have stripped the government of the will and ability to prosecute top corporate executives. “Brave and elegant…a fearless reporter…Eisinger’s important and profound book takes no prisoners” (The Washington Post). Exposing one of the most important scandals of our time, The Chickenshit Club provides a clear, detailed explanation as to how our Justice Department has come to avoid, bungle, and mismanage the fight to bring these alleged criminals to justice. “This book is a wakeup call…a chilling read, and a needed one” (NPR.org). |
| ex-goldman banker convicted of insider trading: The New Investment Superstars Lois Peltz, 2001-04-19 Now, The New Investment Superstars provides you with a unique opportunity to get to know these market masters and learn the original investment strategies they have used in many markets to outperform their peers.--Jacket. |
| ex-goldman banker convicted of insider trading: House of Cards William D. Cohan, 2010-02-09 A blistering narrative account of the negligence and greed that pushed all of Wall Street into chaos and the country into a financial crisis. At the beginning of March 2008, the monetary fabric of Bear Stearns, one of the world’s oldest and largest investment banks, began unraveling. After ten days, the bank no longer existed, its assets sold under duress to rival JPMorgan Chase. The effects would be felt nationwide, as the country suddenly found itself in the grip of the worst financial mess since the Great Depression. William Cohan exposes the corporate arrogance, power struggles, and deadly combination of greed and inattention, which led to the collapse of not only Bear Stearns but the very foundations of Wall Street. |
| ex-goldman banker convicted of insider trading: Materials on the Law of Insider Trading C. Edward Fletcher, 1991 |
| ex-goldman banker convicted of insider trading: Black Edge Sheelah Kolhatkar, 2017 The rise over the last two decades of a powerful new class of billionaire financiers marks a singular shift in the American economic and political landscape. Their vast reserves of concentrated wealth have allowed a small group of big winners to write their own rules of capitalism and public policy. How did we get here? ... Kolhatkar shows how Steve Cohen became one of the richest and most influential figures in finance--and what happened when the Justice Department put him in its crosshairs--Amazon.com. |
| ex-goldman banker convicted of insider trading: The Firm Duff McDonald, 2014-09-30 Star financial journalist Duff McDonald uncovers how the managing consulting firm of McKinsey & Company and its high-powered, high-priced business savants have ushered in waves of structural, financial, and technological shifts to the biggest and best American organizations, revealing a list of world-shaping successes and striking failures. |
| ex-goldman banker convicted of insider trading: Fighting Financial Crime in the Global Economic Crisis Nicholas Ryder, Umut Turksen, Sabine Hassler, 2014-10-30 Many commentators, regulatory agencies and politicians have blamed the risky behaviour of both financial institutions and their actors for the collapse of the United States sub-prime mortgage market which in turn precipitated the global 'Credit Crunch'. This edited volume explores how financial crime played a significant role in the global economic crisis. The volume features contributions from internationally renowned academic and practitioner experts in the field who pinpoint some of the most important facets of financial crime which have emerged over recent years. Key subjects include: the possibility of criminalising reckless risk-taking on the financial markets; the duty of banks to prevent money-laundering and corruption; the growth of the Shadow Banking System; and the manipulation of LIBOR by banks. The book illustrates the global nature of financial crime, and highlights the complex relationships between regulatory bodies, law enforcement agencies and private actors in the attempt to limit the harmful effect of white collar crime on the stability of the financial sector. This book will be of great use and interest to scholars, practitioners and students within the field of financial crime, banking and finance law, and international political economy. |
| ex-goldman banker convicted of insider trading: What Happened to Goldman Sachs Steven Mandis, 2013-09-10 This is the story of the slow evolution of Goldman Sachs—addressing why and how the firm changed from an ethical standard to a legal one as it grew to be a leading global corporation. In What Happened to Goldman Sachs, Steven G. Mandis uncovers the forces behind what he calls Goldman’s “organizational drift.” Drawing from his firsthand experience; sociological research; analysis of SEC, congressional, and other filings; and a wide array of interviews with former clients, detractors, and current and former partners, Mandis uncovers the pressures that forced Goldman to slowly drift away from the very principles on which its reputation was built. Mandis evaluates what made Goldman Sachs so successful in the first place, how it responded to pressures to grow, why it moved away from the values and partnership culture that sustained it for so many years, what forces accelerated this drift, and why insiders can’t—or won’t—recognize this crucial change. Combining insightful analysis with engaging storytelling, Mandis has written an insider’s history that offers invaluable perspectives to business leaders interested in understanding and managing organizational drift in their own firms. |
| ex-goldman banker convicted of insider trading: The Digital Person Daniel J Solove, 2004 Daniel Solove presents a startling revelation of how digital dossiers are created, usually without the knowledge of the subject, & argues that we must rethink our understanding of what privacy is & what it means in the digital age before addressing the need to reform the laws that regulate it. |
| ex-goldman banker convicted of insider trading: Crossing the Rubicon Michael C. Ruppert, 2004-09-15 The acclaimed investigative reporter and author of Confronting Collapse examines the global forces that led to 9/11 in this provocative exposé. The attacks of September 11, 2001 were accomplished through an amazing orchestration of logistics and personnel. Crossing the Rubicon examines how such a conspiracy was possible through an interdisciplinary analysis of petroleum, geopolitics, narco-traffic, intelligence and militarism—without which 9/11 cannot be understood. In reality, 9/11 and the resulting War on Terror are parts of a massive authoritarian response to an emerging economic crisis of unprecedented scale. Peak Oil—the beginning of the end for our industrial civilization—is driving the elites of American power to implement unthinkably draconian measures of repression, warfare and population control. Crossing the Rubicon is more than a story of corruption and greed. It is a map of the perilous terrain through which we are all now making our way. |
| ex-goldman banker convicted of insider trading: The Times Index, January -December 2012 , 2012 |
| ex-goldman banker convicted of insider trading: Global Business Regulation John Braithwaite, Peter Drahos, 2000-02-13 How has the regulation of business shifted from national to global institutions? What are the mechanisms of globalization? Who are the key actors? What of democratic sovereignty? In which cases has globalization been successfully resisted? These questions are confronted across an amazing sweep of the critical areas of business regulation--from contract, intellectual property and corporations law, to trade, telecommunications, labor standards, drugs, food, transport and environment. This book examines the role played by global institutions such as the World Trade Organization, World Health Organization, the OECD, IMF, Moodys and the World Bank, as well as various NGOs and significant individuals. Incorporating both history and analysis, Global Business Regulation will become the standard reference for readers in business, law, politics, and international relations. |
| ex-goldman banker convicted of insider trading: Congressional Record United States. Congress, 1968 |
| ex-goldman banker convicted of insider trading: The Wall Street Journal , 2008 |
| ex-goldman banker convicted of insider trading: U.S. Regulation of the International Securities and Derivatives Markets , 2002 |
| ex-goldman banker convicted of insider trading: Financial Oversight of Enron United States. Congress. Senate. Committee on Governmental Affairs, 2002 |
| ex-goldman banker convicted of insider trading: Murder of Lehman Brothers Joseph Tibman, 2011-04 Explains the feud that erupted between the two ¿houses¿ of Lehman -- the investment bankers and the sales and trading group, that ended in the near-death of both sides of the house with the company¿s sale to American Express. Provides a detailed account of the rise of Dick Fuld from junior trader to CEO. This is the story of greed run amok, encouraged by those intent on removing the safeguards that were put in placer to ensure this could not happen. The story is told in the words of someone who was there, post 9/11, when a small handful of people inside Lehman did to crush it with the assistance of misguided, inept politicians and a dysfunctional, antiquated regulatory infrastructure. Photos. |
| ex-goldman banker convicted of insider trading: The Best Democracy Money Can Buy Greg Palast, 2003-02-25 Palast is astonishing, he gets the real evidence no one else has the guts to dig up. Vincent Bugliosi, author of None Dare Call it Treason and Helter Skelter Award-winning investigative journalist Greg Palast digs deep to unearth the ugly facts that few reporters working anywhere in the world today have the courage or ability to cover. From East Timor to Waco, he has exposed some of the most egregious cases of political corruption, corporate fraud, and financial manipulation in the US and abroad. His uncanny investigative skills as well as his no-holds-barred style have made him an anathema among magnates on four continents and a living legend among his colleagues and his devoted readership. This exciting collection, now revised and updated, brings together some of Palast's most powerful writing of the past decade. Included here are his celebrated Washington Post exposé on Jeb Bush and Katherine Harris's stealing of the presidential election in Florida, and recent stories on George W. Bush's payoffs to corporate cronies, the payola behind Hillary Clinton, and the faux energy crisis. Also included in this volume are new and previously unpublished material, television transcripts, photographs, and letters. |
| ex-goldman banker convicted of insider trading: Why Wall Street Matters William D. Cohan, 2017-02-28 A timely, counterintuitive defense of Wall Street and the big banks as the invisible—albeit flawed—engines that power our ideas, and should be made to work better for all of us Maybe you think the banks should be broken up and the bankers should be held accountable for the financial crisis in 2008. Maybe you hate the greed of Wall Street but know that it’s important to the proper functioning of the world economy. Maybe you don’t really understand Wall Street, and phrases such as “credit default swap” make your eyes glaze over. Maybe you are utterly confused by the fact that after attacking Wall Street mercilessly during his campaign, Donald Trump has surrounded himself with Wall Street veterans. But if you like your smart phone or your widescreen TV, your car or your morning bacon, your pension or your 401(k), then—whether you know it or not—you are a fan of Wall Street. William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He’s one of America’s most respected financial journalists and the progressive bestselling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent seventeen years as an investment banker on Wall Street, he is an expert on its inner workings as well. But in recent years he’s become alarmed by the cheap shots and ceaseless vitriol directed at Wall Street’s bankers, traders, and executives—the people whose job it is to provide capital to those who need it, the grease that keeps our economy humming. In this brisk, no-nonsense narrative, Cohan reminds us of the good these institutions do—and the dire consequences for us all if the essential role they play in making our lives better is carelessly curtailed. Praise for William D. Cohan “Cohan writes with an insider’s knowledge of the workings of Wall Street, a reporter’s investigative instincts and a natural storyteller’s narrative command.”—The New York Times “[Cohan is] one of our most able financial journalists.”—Los Angeles Times “A former Wall Street man and a talented writer, [Cohan] has the rare gift not only of understanding the fiendishly complicated goings-on, but also of being able to explain them in terms the lay reader can grasp.”—The Observer (London) |
| ex-goldman banker convicted of insider trading: The Way of the Wall Street Warrior Dave Liu, 2021-11-16 A Wall Street Insider's Guide to getting ahead in any highly competitive industry Dave learned how to win in investment banking the hard way. Now he is able to share tools that make it easier for budding bankers and other professionals to succeed. —Frank Baxter, Former CEO of Jefferies and U.S. Ambassador to Uruguay A must-read for anyone starting their career in Corporate America. Dave's book shares witty and valuable insights that would take a lifetime to learn otherwise. I highly recommend that anyone interested in advancing their career read this book. —Harry Nelis, Partner of Accel and former Goldman Sachs banker In The Way of the Wall Street Warrior, 25-year veteran investment banker and finance professional, Dave Liu, delivers a humorous and irreverent insider’s guide to thriving on Wall Street or Main Street. Liu offers hilarious and insightful advice on everything from landing an interview to self-promotion to getting paid. In this book, you’ll discover: How to get that job you always wanted Why career longevity and “success” comes from doing the least amount of work for the most pay How mastering cognitive biases and understanding human nature can help you win the rat race How to make people think you’re the smartest person in the room without actually being the smartest person in the room How to make sure you do everything in your power to get paid well (or at least not get screwed too badly) How to turn any weakness or liability into an asset to further your career |
| ex-goldman banker convicted of insider trading: The Origins and Development of Financial Markets and Institutions Jeremy Atack, Larry Neal, 2009-03-16 Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians. |
| ex-goldman banker convicted of insider trading: The Antitrust Paradox Robert Bork, 2021-02-22 The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. |
| ex-goldman banker convicted of insider trading: The Fix Liam Vaughan, Gavin Finch, 2017-01-24 The first thing you think is where's the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric —Tom Hayes, 2013 In the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Street's leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the 'world's most important number' and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it.... The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall. Based on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st Century. |
| ex-goldman banker convicted of insider trading: The Manchurian Candidate Richard Condon, 2013-11-25 The classic thriller about a hostile foreign power infiltrating American politics: “Brilliant . . . wild and exhilarating.” —The New Yorker A war hero and the recipient of the Congressional Medal of Honor, Sgt. Raymond Shaw is keeping a deadly secret—even from himself. During his time as a prisoner of war in North Korea, he was brainwashed by his Communist captors and transformed into a deadly weapon—a sleeper assassin, programmed to kill without question or mercy at his captors’ signal. Now he’s been returned to the United States with a covert mission: to kill a candidate running for US president . . . This “shocking, tense” and sharply satirical novel has become a modern classic, and was the basis for two film adaptations (San Francisco Chronicle). “Crammed with suspense.” —Chicago Tribune “Condon is wickedly skillful.” —Time |
| ex-goldman banker convicted of insider trading: American Broadcasting Company, Inc., Appellant, V. Federal Communications Commission, Appellee. Roy Hofheinz and W.N. Hooper, D/b as Texas Star Broadcasting Company (KTHT), Intervenor. Max H. Jacobs, Douglas Hicks, and Tom J. Harling, D/b as Veterans' Broadcasting Company Intervenor United States. Federal Communications Commission, 1948 |
| ex-goldman banker convicted of insider trading: Handbook of Hedge Funds François-Serge Lhabitant, 2011-03-23 A comprehensive guide to the burgeoning hedge fund industry Intended as a comprehensive reference for investors and fund and portfolio managers, Handbook of Hedge Funds combines new material with updated information from Francois-Serge L’habitant’s two other successful hedge fund books. This book features up-to-date regulatory and historical information, new case studies and trade examples, detailed analyses of investment strategies, discussions of hedge fund indices and databases, and tips on portfolio construction. Francois-Serge L’habitant (Geneva, Switzerland) is the Head of Investment Research at Kedge Capital. He is Professor of Finance at the University of Lausanne and at EDHEC Business School, as well as the author of five books, including Hedge Funds: Quantitative Insights (0-470-85667-X) and Hedge Funds: Myths & Limits (0-470-84477-9), both from Wiley. |
| ex-goldman banker convicted of insider trading: The Lost Bank Kirsten Grind, 2013-07-16 Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual. |
| ex-goldman banker convicted of insider trading: Securities Regulation & Law Report , 2002 |
| ex-goldman banker convicted of insider trading: Billion Dollar Whale Bradley Hope, Tom Wright, 2018-09-18 Named a Best Book of 2018 by the Financial Times and Fortune, this thrilling (Bill Gates) New York Times bestseller exposes how a modern Gatsby swindled over $5 billion with the aid of Goldman Sachs in the heist of the century (Axios). Now a #1 international bestseller, Billion Dollar Whale is an epic tale of white-collar crime on a global scale (Publishers Weekly), revealing how a young social climber from Malaysia pulled off one of the biggest heists in history. In 2009, a chubby, mild-mannered graduate of the University of Pennsylvania's Wharton School of Business named Jho Low set in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. Over a decade, Low, with the aid of Goldman Sachs and others, siphoned billions of dollars from an investment fund--right under the nose of global financial industry watchdogs. Low used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and even to finance Hollywood films like The Wolf of Wall Street. By early 2019, with his yacht and private jet reportedly seized by authorities and facing criminal charges in Malaysia and in the United States, Low had become an international fugitive, even as the U.S. Department of Justice continued its investigation. Billion Dollar Whale has joined the ranks of Liar's Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of hubris and greed in the financial world. |
| ex-goldman banker convicted of insider trading: Hedge Funds Stephanie R. Breslow, David J. Efron, Marc E. Elovitz, Steven J. Fredman, David Nissenbaum, Paul N. Roth, 2018-09-28 Hedge funds covers hedge fund investment strategies, domestic /off-shore hedge fund structure/tax considerations, terms, fees, related considerations for sponsors and investors, and more. |
| ex-goldman banker convicted of insider trading: The TAKING OF GETTY OIL Steve Coll, 1987-08-31 A true story of family, ambition, and greed in the most bitter and controversial takeover struggle in business history. |
| ex-goldman banker convicted of insider trading: Vault Guide to Finance Interviews D. Bhatawedekhar, Hussam Hamadeh, 2002 From the Vault Career Library covering the basics of financial statements, fit portion of interviews and equity and debt valuation techniques in a step-by-step process. |
| ex-goldman banker convicted of insider trading: The Wolf of Wall Street Jordan Belfort, 2007-09-25 NEW YORK TIMES BESTSELLER • Now a major motion picture directed by Martin Scorsese and starring Leonardo DiCaprio By day he made thousands of dollars a minute. By night he spent it as fast as he could. From the binge that sank a 170-foot motor yacht and ran up a $700,000 hotel tab, to the wife and kids waiting at home and the fast-talking, hard-partying young stockbrokers who called him king, here, in Jordan Belfort’s own words, is the story of the ill-fated genius they called the Wolf of Wall Street. In the 1990s, Belfort became one of the most infamous kingpins in American finance: a brilliant, conniving stock-chopper who led his merry mob on a wild ride out of Wall Street and into a massive office on Long Island. It’s an extraordinary story of greed, power, and excess that no one could invent: the tale of an ordinary guy who went from hustling Italian ices to making hundreds of millions—until it all came crashing down. Praise for The Wolf of Wall Street “Raw and frequently hilarious.”—The New York Times “A rollicking tale of [Jordan Belfort’s] rise to riches as head of the infamous boiler room Stratton Oakmont . . . proof that there are indeed second acts in American lives.”—Forbes “A cross between Tom Wolfe’s The Bonfire of the Vanities and Scorsese’s GoodFellas . . . Belfort has the Midas touch.”—The Sunday Times (London) “Entertaining as pulp fiction, real as a federal indictment . . . a hell of a read.”—Kirkus Reviews |
| ex-goldman banker convicted of insider trading: The Predators' Ball Connie Bruck, 2020-02-04 “Connie Bruck traces the rise of this empire with vivid metaphors and with a smooth command of high finance’s terminology.” —The New York Times “The Predators’ Ball is dirty dancing downtown.” —New York Newsday From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as “the highly confident letter” (“I’m highly confident that I can raise the money you need to buy company X”) and the “blind pool” (“Here’s a billion dollars: let us help you buy a company”), and he financed the biggest corporate raiders—men like Carl Icahn and Ronald Perelman. And then, on September 7, 1988, things changed... The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws? |
| ex-goldman banker convicted of insider trading: Corruption, Crime and Compliance Michael Volkov, 2011-10 Michael Volkov's career has spanned 30 years as an attorney in Washington, D.C. - as a federal prosecutor, a Chief Counsel on the Senate and House Judiciary Committees, a trial attorney in the Antitrust Division and in private practice. This book will help anyone better understand anti-bribery compliance in the U.S. and beyond. Michael Volkov's book is a compilation of articles on a number of subjects important to lawyers advising clients how to stay out of trouble. He is a prolific writer and I can say without question, we have not heard the last of his musings. Simply put, his book contains important information that should prove helpful to lawyers, particularly to those who practice in the white collar field. - Judge Stanley Sporkin, Former Director of the Division of Enforcement, U.S. Securities and Exchange Commission. |
| ex-goldman banker convicted of insider trading: Octopus Guy Lawson, 2012-07-25 Octopus is a real-life thriller that tells the inside story of an audacious hedge-fund fraud and the wild search for a secret financial narket. Sam Israel was a man who seemed to have it all – until the hedge fund he ran, Bayou, imploded and he became the target of a nationwide manhunt. Born into one of America's most illustrious trading families, Israel was determined to strike out on his own. So after apprenticing with one of the greatest hedge fund traders of the 1980's, Sam founded his own fund and promised his investors guaranteed profits. With the proprietary computer program he'd created, he claimed to be able to predict the future. But his future was already beginning to unravel. After suffering devastating losses and fabricating fake returns, Israel knew it was only a matter of time before his real performance would be discovered, so when a former black-ops intelligence operative told him about a 'secret market' run by the Fed, Israel bet his last $150 million on a chance to make billions. Thus began his year-long adventure in 'the Upperworld' a society populated by clandestine bankers, shady European nobility, and spooks issuing cryptic warnings about a mysterious cabal known as the Octopus. Whether the 'secret market' was real or a con, Israel was all in – and as the pressures mounted and increasingly sinister violence crept into his life, he struggled to break free of the Octopus' tentacles. 'Octopus is a reminder that the truth sometimes is stranger than fiction . . . A Wall Street thriller for our time.' Alex Berenson, bestselling author of The Faithful Spy and The Shadow Patrol 'A rollicking, rollercoaster ride of a book that is utterly impossible to put down.' Scott Anderson, author of Triage |
What is the origin of "ex"? - English Language & Usage Stack …
Dec 22, 2015 · Origin of ex-ex-is a word-forming element, which in English simply means "former" in this case, or mainly "out of, from," but also "upwards, completely, deprive of, without. It most …
abbreviations - What's the difference between "e.g." and "ex ...
Mar 13, 2011 · "Ex." is not very common, but it may be used to refer to a cited example, eg "See ex. 3". "E.g." is much more common, and is used to introduce an example, or series of …
Why use "ex post facto" when "post facto" means the same thing?
Oct 4, 2015 · Being a Latin locution, it must be used as such, ex means from: Ex post facto: from or by subsequent action; subsequently; retrospectively; retroactively. Word Origin: from Latin …
Is there an equivalent to "née" (birth name) for an *ex*-spousal …
May 31, 2016 · EX. is also interesting because . 1) Someone's ex is the person they used to be married to or used to have a romantic or sexual relationship with. and. 2) ex- as a prefix is …
Is there a rule for the correct pronunciation of words starting with …
Jan 12, 2012 · If the syllable ex-is stressed or if what follows is a voiceless consonant, it is pronounced /-ks-/; otherwise, it is /-gz-/. A voiceless consonant is one that does not involve …
Is there a single word for someone who left the company that …
May 16, 2018 · The person could be called the resignee.A person who resigns from a position or job. It meets your requirement of not being "overly negative" and could indeed be thought to …
etymology - Why "e.g." and not "f.e."? Why "i.e." and not "t.i ...
Feb 18, 2014 · Actually Jon answer says only slightly more than this answer. The information it adds is that 1) Latin was used by educated people in all Europe (although linked by this …
Do you capitalize both parts of a hyphenated word in a title?
Given the huge difference between how likely people are to capitalise the second component in Ex-wife compared to Co-Founder, I think choose a rule and be consistent with it is terrible …
What is the correct phrase for ex-in-laws when divorced?
Mar 10, 2014 · To reduce any awkward moment I would introduce my ex in-laws as this " ...introduce you to John and Hazel Smith, they are my ex-husband Todd's parents", which …
Is there a proper term for an ex-friend? - English Language
Aug 13, 2015 · You could say. frenemy. friend-no-more. friend-at-the-time. enemy-to-become. He who shall remain nameless. Hugo the Treacherous (or whatever the person's name is)
What is the origin of "ex"? - English Language & Usage Stack …
Dec 22, 2015 · Origin of ex-ex-is a word-forming element, which in English simply means "former" in this case, or mainly "out of, from," but also "upwards, completely, deprive of, without. It most …
abbreviations - What's the difference between "e.g." and "ex ...
Mar 13, 2011 · "Ex." is not very common, but it may be used to refer to a cited example, eg "See ex. 3". "E.g." is much more common, and is used to introduce an example, or series of …
Why use "ex post facto" when "post facto" means the same thing?
Oct 4, 2015 · Being a Latin locution, it must be used as such, ex means from: Ex post facto: from or by subsequent action; subsequently; retrospectively; retroactively. Word Origin: from Latin …
Is there an equivalent to "née" (birth name) for an *ex*-spousal …
May 31, 2016 · EX. is also interesting because . 1) Someone's ex is the person they used to be married to or used to have a romantic or sexual relationship with. and. 2) ex- as a prefix is …
Is there a rule for the correct pronunciation of words starting with …
Jan 12, 2012 · If the syllable ex-is stressed or if what follows is a voiceless consonant, it is pronounced /-ks-/; otherwise, it is /-gz-/. A voiceless consonant is one that does not involve …
Is there a single word for someone who left the company that …
May 16, 2018 · The person could be called the resignee.A person who resigns from a position or job. It meets your requirement of not being "overly negative" and could indeed be thought to be …
etymology - Why "e.g." and not "f.e."? Why "i.e." and not "t.i ...
Feb 18, 2014 · Actually Jon answer says only slightly more than this answer. The information it adds is that 1) Latin was used by educated people in all Europe (although linked by this …
Do you capitalize both parts of a hyphenated word in a title?
Given the huge difference between how likely people are to capitalise the second component in Ex-wife compared to Co-Founder, I think choose a rule and be consistent with it is terrible …
What is the correct phrase for ex-in-laws when divorced?
Mar 10, 2014 · To reduce any awkward moment I would introduce my ex in-laws as this " ...introduce you to John and Hazel Smith, they are my ex-husband Todd's parents", which …
Is there a proper term for an ex-friend? - English Language
Aug 13, 2015 · You could say. frenemy. friend-no-more. friend-at-the-time. enemy-to-become. He who shall remain nameless. Hugo the Treacherous (or whatever the person's name is)
