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Den of Thieves
James B. Stewart

Touchstone Books, 1992 - 587 pages

average customer review:based on 93 reviews
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     highly recommended  highly recommended



A number-one bestseller from coast to coast, Den of Thieves tells, in masterfully reported detail, the full story of the insider-trading scandal that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Pulitzer Prize winner James B. Stewart shows for the first time how four of the biggest names on Wall Street -- Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine -- created the greatest insider-trading ring in financial history and almost walked away with billions, until a team of downtrodden detectives triumphed over some of America's most expensive lawyers to bring this powerful quartet to justice.

Based on secret grand jury transcripts, interviews, and actual trading records, and containing explosive new revelations about Michael Milken and Ivan Boesky written especially for this paperback edition, Den of Thieves weaves all the facts into an unforgettable narrative -- a portrait of human nature, big business, and crime of unparalleled proportions.


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SUPERB!

This is not the kind of book I usually enjoy as I get quite bored with anything to do with the world of finance. Having found this free book and liking the title, I took it home and since I didn't have anything better to read I began this book and I have to say that almost immediately I was captivated. I had discovered that with the right approach, even the stock market and its mysteries began to unfold for me due to the expert guidance of James B. Stewart. I therefore highly recommend this book, particularly if you are a Wall Street "virgin" like me.


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True story about Insurance industry

This is a TRUE story about the rip off that Prudential did to the American public.
This was prior to the scandal about Worldcom, etc. Although some of it is a bit dull and dry, stay with it. I know I did. And, it was mind blowing to learn how men in power can manipulate, lie, cheat, deceive all in the name of MONEY.
Like you, I had always believe that Prudential was a sterling company with a valuable honest reputation. I guess it did at one time until this man became CEO.
It is Greed beyond belief and a huge eye-opener. But, you will need to be the judge upon reading it.


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Brilliant

Great book on the insider trading scandal and its leading characters. The parallels to the current insider trading scandal are clear, as is the corruption sneaking in on otherwise decent and intelligent people ("relax, everybody does it"). Very interesting description of the political process leading to Milken's deal with the state prosecutors office. Very well written.


How money driven values affect personal integrity

I first read this book after starting my job at the Securities and Exchange Commission in the 90s along with 2 other books "Liars Poker" by Michael Lewis and "The Predators Ball" by Connie Bruck. These gave a sober inside look at how white collar crime takes place when you think no one is watching. I was impressed by James Stewart's reporting of the case, how different people in the story were introduced into the insider trading schemes as well as how difficult it is to make a case for the prosecutors when it comes to these crimes. Additionally I'd recommend these books as a means of introduction to how the stock market works ... it is told in story format so it's easy to understand.

Seeing it from the law enforcement side gave me a tremendous appreciation for how hard the investigators work. It is a wakeup call to those who make their money in securities and believe these are victimless acts when you trade on inside information.


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reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10



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