First published 2013
Charles Gasparino takes readers inside the government's massive crackdown on insider trading networks that netted over 60 convictions. The award-winning journalist follows federal investigators and prosecutors as they build cases against Wall Street's biggest names. Raj Rajaratnam of the Galleon Group falls. Former McKinsey CEO Rajat Gupta goes to prison. Steve Cohen of SAC Capital waits as regulators circle his hedge fund, long suspicious of its consistent market-beating returns. Gasparino reveals how federal officials deploy every available tool to make their cases, often at enormous taxpayer expense. He questions why these prosecutions take priority when no criminal charges emerged from the 2008 financial crisis. The book examines whether average investors truly benefit from these high-profile takedowns or if political ambitions drive the headlines. Gasparino provides an insider's view of Wall Street crime fighting without defending insider trading itself.
Genres: business, crime, non-fiction, 21st-century
Vibes: fast-paced, suspenseful, thought-provoking
Tropes: investigative-journalism, true-crime
Setting: Wall Street
Period: 2008 Financial Crisis
384 pages · Hardcover · Harper Business