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The Scorpion and the Frog: High Times and High Crimes
 
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The Scorpion and the Frog: High Times and High Crimes [Hardcover]

Salvatore Lauria (Author), David S. Barry (Author)
3.5 out of 5 stars  See all reviews (8 customer reviews)


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Book Description

October 2003
Book Description The True Story of One Man's Fraudulent Rise and Fall on the Wall Street of the Nineties.

Salvatore Lauria was always a driven man. He wanted his share of the American Dream. During the get-rich-quick era of the 90s and the biggest bull market in history, Wall Street proved to be the ideal venue to demonstrate his many talents and to reveal some profound weaknesses. He learned his skills at reputable brokerage houses but his greed and ambition propelled him head-on into Wall Street's nests of Scorpions - shady traders, parasitic short-sellers, Italian and Russian Mafiosi - a world of stock manipulation, boiler rooms, fraud, racketeering, money laundering and violence. His quick but ill-gotten wealth admitted him into social circles that he could only dream about before his successes on the Street. He rented expensive offices, bought luxury apartments and homes, drove fast cars and enjoyed a highlife of parties and exotic travel. He found a world of sex, drugs and rock and roll that accompanied many "respected" business and political leaders. His business partners introduced him to the new Russia with its rich crime lord and "brat-pack" children. Lauria lost all sense of vulnerability and exposed himself and his family to betrayal, danger and harm. He was stung repeatedly by the Scorpions as he fought to keep his business and his wealth.

Eventually, and reluctantly, he realized that his moral and ethical lapses had made him an inviting target, a kept man in the sinister world of Wall Street corruption. As he tried to fend off the Scorpions, he learned that law enforcement was already planning the demise of the mob on Wall Street.

The Scorpion and The Frog is not a novel, although it reads like a fast-paced thriller. This is Lauria's personal reflection on his mercurial rise and fall that resembled a quest for the American Dream on amphetamines. Bad choices, bad people and extraordinary greed led to his downfall. His story will send a message to America's investors that the Street is rife with hucksters and manipulation, even at its most respected firms.



Editorial Reviews

From Publishers Weekly

Lauria was a Brooklyn tile layer turned stockbroker whose instincts for crime and appetite for the good life circa 1995 earned him $2,000 Ermenegildo Zegna suits and trips to St. Tropez. Eventually, as this insider memoir details, his instincts also earned him jail time for his role in masterminding one of the biggest stock swindles to date-a $40 million stock con that brought down two firms, White Rock and State Street, and eventually led to his indictment as well as to that of members of the Bonnano, Genovese and Colombo crime families. A native of Sicily, Lauria discovers his "entrepreneurial spirit" as a Long Island teenager, developing "a multi-tiered marketing program for marijuana" in high school. Offered a chance to be a "cold caller" at a mid-level brokerage firm, Lauria quickly moves onward and upward, taking readers along for the ride as he puts together a "pump and dump" stock-manipulation scheme: his firm secretly acquired control of securities in the name of offshore companies, artificially inflated the price by selling stock to investors in return for undisclosed cash payments, then sold the inflated stocks and deposited the profits in offshore accounts. The book's real drama comes when Lauria turns to old mob friends for help with keeping his scheme alive, which leads to "brutal mob intimidation and retaliation tactics" used against some stock brokers, while the Feds start to pursue Lauria's stock scams. He argues that, at the time, no brokerage house on Wall Street was completely clean, because the "pump and dump" profits were too much to keep away the mob. While the book is too long, Lauria's overall entertaining combination of elements from the film Wall Street and The Sopranos could receive an eager reception by the many people who currently conflate Wall Street and crime-that is, a lot of Americans.
Copyright 2003 Reed Business Information, Inc.

About the Author

Salvatore Lauria, is a man with real fears, real problems, a family, two dogs and an extraordinary story.

Product Details

  • Hardcover: 274 pages
  • Publisher: New Millennium Entertainment (CA) (October 2003)
  • Language: English
  • ISBN-10: 1893224260
  • ISBN-13: 978-1893224261
  • Product Dimensions: 9.5 x 6.3 x 1 inches
  • Shipping Weight: 1.2 pounds
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #1,212,286 in Books (See Top 100 in Books)

 

Customer Reviews

8 Reviews
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Average Customer Review
3.5 out of 5 stars (8 customer reviews)
 
 
 
 
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5 of 6 people found the following review helpful:
5.0 out of 5 stars The Scorpion and the Frog, November 21, 2003
By 
CJJ (New Jersey) - See all my reviews
This review is from: The Scorpion and the Frog: High Times and High Crimes (Hardcover)
This book brought me into a world distant to me, however I felt like I was living a life of deciet and fraud. I found the book exciting and Concerning. I highly recommend reading this book before you take your next step forward.
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7 of 11 people found the following review helpful:
1.0 out of 5 stars Rehashing the same old line, August 25, 2004
This review is from: The Scorpion and the Frog: High Times and High Crimes (Hardcover)
This book was BORING. Lame and displayed the same old storyline. Only thing I hope for is that this guy, if he really did the items purported in the book, has served some serious jail time. And, its my understanding that he is now selling hot tubs and continues to rip people off.
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3 of 5 people found the following review helpful:
5.0 out of 5 stars the guys who panned this book must work for the mob, December 5, 2003
This review is from: The Scorpion and the Frog: High Times and High Crimes (Hardcover)
this is a really good book. lauria has a great story to tell, david barry does a great job of telling it. a fascinating but chilling account about what really goes on behind closed wall street doors...
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