Tom Hardin should’ve known better. As “Tipper X,” a wired informant in the insider trading investigation the FBI called Operation Perfect Hedge, Hardin had specifically been told to “shut it down” if a target changed the plans for a meet. “Bad things can happen,” FBI agent David Makol told his cooperating witness. But after first inviting Hardin to Connecticut to…
This book tells the spectacular history of women lawyers at the U.S. Attorney’s Office for the Southern District of New York (SDNY). SDNY is a storied institution, the oldest federal prosecutor’s office in the United States and its most renowned—and a critical player in New York City’s high-stakes legal arena. But its history has been only sparsely written about, and…
I just got a press release for a new thriller about the Depository Trust Co., and you’d better believe that if you write a thriller about DTC and send me the press release I’m going to mention it here. (It’s called The Vault, by Stuart Z. Goldstein.) DTC is the clearinghouse that, among other things, owns pretty much all of…
We don’t yet have “Madoff: The Musical,” but years after his 2021 death from kidney disease in a federal prison hospital, Bernie the Ponzi-scheming potentate keeps yielding cultural dividends. An experimental film shown at Lincoln Center. A Netflix documentary series, “The Monster of Wall Street.” And now, adding to a fat stack that includes a coloring book and an exposé…
The chairman came to the event to make a speech about SEC enforcement, and those remarks were heavily threaded with criticisms of the crypto industry that he said — in a frequently repeated phrase — is “rife with non-compliance.” When it came time to take questions, the moderator began with that topic, to which Gensler addressed how much crypto has…
Those of you who do will know that Lewis has been generating almost as much controversy as the alleged criminal himself over the past week. But it wasn’t so much the book — the publication of which was timed to coincide with the beginning of SBF’s trial — that provoked the outrage; it was a clip from an interview Lewis…
The situation inside Alameda Research wasn’t anything like Sam had led Caroline to expect. He’d recruited 20 or so effective altruists, most of them in their 20s, all but one without experience trading in financial markets. Most neither knew nor cared about crypto; they had just bought into Sam’s argument that it was this insanely inefficient market in which they…
Michael Lewis, the bestselling author of The Big Short and Flash Boys, will tell the story of the cryptocurrency exchange founder and alleged fraudster Sam Bankman-Fried in his next book. Going Infinite: the Rise and Fall of a New Tycoon by Michael Lewis will be published on 3 October, and is described by its publisher Penguin Press as a “high-octane…
Currently holed up at his parents’ home at Stanford University after being released on $250 million bail last week following being slapped with federal charges of financial fraud and money laundering, Bankman-Fried was visited by bestselling author Michael Lewis. Sources exclusively told The Post Tuesday “Moneyball” writer Lewis spent several hours inside the residence just hours after Bankman-Fried had landed…
…. The SEC’s case against Cuban raises questions focusing on the scope of this nation’s insider trading laws, the strategic litigation decisions made, the significant costs of defending one’s good reputation, and the proper limits of governmental prosecutorial discretion. via The SEC v. Mark Cuban.