Vesco: From Wall Street to Castro's Cuba, the Rise, Fall, and Exile of the King of White Collar Crime
Arthur HerzogISBN: 0595272096;
Today's high-flying, high-rolling conglomarateurs and corporate raiders are a tame lot compared to their immediate predecessors. The most notorious of these is Robert Vesco, the Kingfish himself, who in 1973 fled the United States accused of looting $250million from Investors Overseas Services. Now, in this riveting account, noted author Arthur Herzog tells the astounding story of this high school dropout from Detroit, who parlayed cunning, ambition, a brilliant mind, and above all, other people's gullibility and money into a vast financial empire. Vesco's was a different kind of white collar crime. Indeed, there are many today who think he is not a criminal at all—just a victim of the SEC ("See Everything Crooked"). Working narrowly within the system, Vesco joined together smaller companies to form ever larger ones; then, driving up the price of stocks, he attracted investors by the thousands worldwide. When, at last, the dream fell apart, he got out before being thrown...
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