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"Steven A. Cohen is a Wall Street legend. Born into a middle class family in a decidedly upper class suburb on Long Island, he was unpopular in high school and unlucky with girls. Then he went off to Wharton, and in 1992 launched the hedge fund SAC Capital, which grew into a $15 billion empire. He cultivated an air of mystery and reclusiveness--at one point, owned the copyright to almost every picture taken of him--and also of extreme excess, building a 35,000 square foot house in Greenwich, flying to work by helicopter, and amassing one of the largest private art collections in the world. But on Wall Street, he was revered as a genius: one of the greatest traders who ever lived. That public image was shattered when SAC Capital became the target of a sprawling, seven-year criminal and SEC investigation, the largest in Wall Street history, led by an undermanned but determined group of government agents, prosecutors, and investigators. Experts in finding and using 'black edge' (inside information), SAC Capital was ultimately fined nearly $2 billion--the largest penalty in history--and shut down. But as Sheelah Kolhatkar shows, Steven Cohen was never actually put out of business. He was allowed to keep trading his own money (in 2015, he made $350 million), and can start a new hedge fund in only a few years. Though eight SAC employees were convicted or pleaded guilty to insider trading, Cohen himself walked away a free man. Black Edge is a riveting, true-life thriller that raises an urgent and troubling question: Are Wall Street titans like Steven Cohen above the law?"--
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Subjects
Hedge funds, Global Financial Crisis, 2008-2009, Financial crises, History, nyt:combined-print-and-e-book-nonfiction=2017-02-26, New York Times bestseller, New York Times reviewed, Insider trading in securities, Capitalists and financiers, Finance, united statesPlaces
United StatesTimes
21st centuryEdition | Availability |
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1
Black Edge: Inside Information, Dirty Money, and the Quest to Bring down the Most Wanted Man on Wall Street
2018, Ebury Publishing
in English
0753552248 9780753552247
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2
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
Jan 23, 2018, Random House Trade Paperbacks
paperback
0812985796 9780812985795
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3
Black edge: inside information, dirty money, and the quest to bring down the most wanted man on Wall Street
2017, Random House
in English
- First edition.
0812995805 9780812995800
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aaaa
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Book Details
Table of Contents
Edition Notes
Includes bibliographical references (pages 307-336) and index.
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The Physical Object
Edition Identifiers
Work Identifiers
Source records
marc_openlibraries_sanfranciscopubliclibrary MARC recordBetter World Books record
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marc_nuls MARC record
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February 17, 2024 | Edited by ImportBot | import existing book |
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July 19, 2019 | Created by MARC Bot | import new book |