In this timely and alarming account of the corruption and decadence that characterize the world of back-alley stockbrokers, a former broker exposes an ethically twisted, brutal, and cutthroat culture rife with fraud and deception. Detailed firsthand is a world in which fortunes are made and lost with the drop of a trading slip, silver-tongued salesmen conceal illicit schemes drawn up to hustle a trusting public, and victors' spoils include cash, booze, drugs, and sex. Vivid inhabitants of this world include Nick, a drug-fueled closer who snorts lines of cocaine off his desk while selling clients on the latest hot stock; Carlos, who rewards his top brokers with prostitutes; Nathan, a cunning dealmaker whose activities came under FBI scrutiny after the September 11 attacks; and Dave, who hires strippers as sales assistants. These real-life characters and tragic accounts of clients losing their life savings are relayed with the verisimilitude available only to an insider.
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About the Author
Bret Aita has worked as a boiler room broker, a financial advisor at Morgan Stanley, and an investor relations consultant. He is the coauthor of Brawl. He lives in San Diego, California.
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Most Helpful Customer Reviews
3 of 3 people found the following review helpful:
4.0 out of 5 stars
Memorable romp through the financial industry,
By Neil MacPherson (San Diego, CA United States) - See all my reviews
This review is from: The Rip: True Stories of Stock Brokerage Corruption (Paperback)
This is a well-written and exciting view of the sordid goings-on within the world of finance. Efficient, powerful and to the point, this book held my full attention from beginning to end. My only complaint is that Aita at times focuses on some of the more shocking details too explicitly for my taste. Still, a wild ride well worth the time.
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Supplement to Boiler Room,
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This review is from: The Rip: True Stories of Stock Brokerage Corruption (Paperback)
If you loved Boiler Room and seek a greater understanding of this fascinating industry - this is the book for you. I picked up a used copy and devoured it in a few hours, I was hooked after page 2. After reading the Wolf of Wall Street, Catching the Wolf of Wall Street, License to Steal, Born to Steal and in the process of reading The Boiler Room and Other Telephone Sales Scams - I am proud to recommend this book as amount the top 2 in terms of being historically accurate and immersing. It will not disappoint - enjoy!
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