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Ajamie, a top securities lawyer, and Kelly, news editor for Investment News, team up to recount true tales of financial frauds throughout history, which make for addictive if depressing reading. Ajamie's expertise in commercial litigation gives the reader an inside look at the complex strategies financial advisers, insurance agents, and even family members employ to fleece hapless individuals, focusing on the false emotional bonds con artists create with their victims in order to take advantage of them. For those who can wade through occasionally disjointed prose with some very jarring changes in tone, there are valuable lessons for readers who want to protect themselves from being swindled. In the wake of the Madoff scandal and the financial excesses that led to the recession of the past two years, this book will appeal to many readers angered by the financial services industry, the failures of the regulatory authorities, and rogue advisers.
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Tom Ajamie is one of the top trial lawyers in the United States and has a long track record of successfully suing financial criminals both domestically and internationally. He has recovered hundreds of millions of dollars—including the largest stock arbitration award in U.S. history, $429 million—from fraudulent individuals, corporations and organized criminal organizations. Ajamie has provided insight and analysis on corporate and financial crimes for leading media outlets, including ABC, CNN, CNBC, NPR, the BBC, The Wall Street Journal, New York Times, Forbes, Financial Times, BusinessWeek, and Newsweek. He lives is Houston, Texas.
Bruce Kelly is the news editor for InvestmentNews, the leading trade publication for the investment advice business. An award winning journalist, Kelly writes about Wall Street, securities regulation, brokerage firms, and fraud, and was covering the collapse of Ponzi schemes and damage to investors more than a year before Bernie Madoff admitted his $65 billion fraud in December 2008. He lives in New York City, New York.
This a great book for anyone asking "What happened?" This book can help readers - even those who don't have a financial background -- understand the dishonest players and the... Read morePublished on March 18, 2011 by A. D. Hoskins