From the Publisher
"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 Weekly
Kurt Eichenwald, an award-winning financial reporter for The 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 Rock is 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.