Serpent on the Rock: Crime, Betrayal and the Terrible Secrets of Prudential Bache
"Eichenwald presents an appalling indictment of  the firm's managers, who did dozens of deals with a convicted  embezzler, spent millions of investors' dollars on lavish trips to  places like Cancun and Maui and made cozy arrangements with developers  to make themselves rich no matter how their clients fared. By the time  readers finish this well-reported tale, they'll want to string  Pru[dential]'s managers up by their power ties." --Newsweek"Eichenwald's account  of the nearly decade-long fraud perpetrated by Prudential Bache  Securities is both an entertaining and an important work." --Publishers WeeklyKurt Eichenwald, an  award-winning financial reporter forThe New York Times, tells  the explosive story behind Wall Street's most destructive scandal  of the 1980s -- the massive securities fraud perpetrated by Prudential  Bache.Serpent on the Rockis a real-life thriller more  compelling than anything Grisham has dreamed up. It is a story of  kickbacks and payoffs, of shady deals struck in secret with known  felons; a story in which half a million people lose enormous sums --  some their life's savings -- and names like Onassis and Bush number  among the victims. Since the scandal broke, Prudential Bache has been  forced to pay out hundreds of millions in damages and virtually all of  the firm's senior executives have been brought under investigation.