Financial Serial Killers: Inside the World of Wall Street Money Hustlers, Swindlers, and Con Men

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Skyhorse Publishing Inc., 2010 - Business & Economics - 308 pages
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By using true tales of thieves, swindlers, and fraudsters at work, Financial Serial Killers illustrates how these perpetrators get their hooks into investors' wallets, savings accounts, and portfolios--and never let go. The worst financial crisis since the great depression revealed that thousands of mom and pop investors had lost millions to so-called Mini-Madoffs. They are the thieves and conmen who had used phony financial acumen to steal investors' money, wipe out savings, and damage lives.

Financial Serial Killers reveals the cons--from the grand to picayune--advisers cultivate with their victims--relationships that are essential to the fraud. Take the story of Lillian, the little old lady who invested with Warren Buffett, one of the richest men in the world. After her husband died, she thought her family's treasure of $24 million in stock controlled by Buffett was safe. It was--until a family relative introduced the eighty-nine-year-old grandmother to a pair of unscrupulous insurance agents who convinced her to reinvest her savings in life insurance--decimating her nest egg while padding the agents' pockets. Lillian's story, as well as other accounts of deceit and fraud are the core of Financial Serial Killers. Readers will learn how to better protect their family's wealth and savings after reading this book.

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Financial Serial Killers
The Little Old Lady Who Invested with Buffett and Was Fleeced by Insurance Agents
Charles Ponzi and the Criminal Pathology of WhiteCollar Thieves
How to Make and Detect Fools Gold
The Investment Industry Speaks
Stockbrokers Greed and Laziness
More Stockbrokers Greed and Laziness
Cachet and Exclusivity Can Cost You
Its a Game for Insidersand Outsiders Like You Should Get Advice
The Consequence of WhiteCollar Crime and How It Can Destroy Lives and Rip Families Apart
Web Tools and Databases to Spot Trouble Before It Starts
Four Outlandish Tales of the Securities Business
Elder Abuse and Fraud
The Investment Industry Speaks
How One Investor Refused to Give Up His Fight to Track Down His Financial Serial Killer
The Psychology Behind Why We Fall for Scams

Are the Regulators Protecting You?
The Investment Industry Speaks
What Is an Investment Adviser and Why Are So Many Running Ponzi Schemes?
How the Mortgage Industry and Mortgage Brokers Can Rip You Off and How Promises of Investment Riches Undermine the Safety of Your Home
Affinity Fraud or Holy Rolling Religious Zeal and the Art of the Steal
The Investment Industry Speaks
A Laundry List of the Classic Warning Signs for Investors

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About the author (2010)

Tom Ajamie is one of the top trial lawyers in the United States and has a long track record of successfully suing financial criminals both domestically and internationally. He has recovered hundreds of millions of dollars--including the largest stock arbitration award in US history, $429 million--from fraudulent individuals, corporations and organized criminal organizations. Ajamie has provided insight and analysis on corporate and financial crimes for leading media outlets, including ABC, CNN, CNBC, NPR, the BBC, The Wall Street Journal, The New York Times, Forbes, Financial Times, BusinessWeek, and Newsweek. He lives in Houston, Texas.

Bruce Kelly is the news editor for Investment News, the leading trade publication for the investment advice business. An award winning journalist, Kelly writes about Wall Street, securities regulation, brokerage firms, and fraud, and was covering the collapse of Ponzi schemes and damage to investors more than a year before Bernie Madoff admitted his $65 billion fraud in December 2008. He lives in New York City, New York.

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