Vesco from Wall Street to Castro's Cuba: The Rise, Fall, and Exile of the King of White Collar Crime

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iUniverse, 2003 - Biography & Autobiography - 408 pages
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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 $250 million 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 in jail. What followed was a desperate escape—and an equally desperate chase by the FBI, CIA, and SEC—to the Bahamas, Nicaragua, Costa Rica, and finally Havana, Cuba, where Vesco now lives under the protection of Fidel Castro.

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About the author (2003)

Arthur Herzog III was born in Manhattan on April 6, 1927. He received a bachelor's degree in English literature from Stanford University in 1949 and a master's degree in English literature at Columbia University in 1951. He soon became a freelance magazine writer. During his lifetime, he wrote 16 novels including IQ 83 and Orca, two short story collections, and nine nonfiction books including Vesco, The Church Trap, 17 Days: The Katie Beers Story, and The War-Peace Establishment. His novel, The Swarm was published in 1974 and was adapted into a movie starring Michael Caine in 1978. He also wrote for numerous magazines including Esquire, Harper's, The Nation, and The New York Times Magazine. He died due to complications of a stroke on May 26, 2010 at the age of 83.

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