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    Black Edge by Sheelah Kolhatkar Summary

    Black Edge
    Sheelah Kolhatkar
    4.2 (16498 Reviews)
    FinanceBusinessEconomics
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    Overview of Black Edge

    Dive into Wall Street's darkest scandal - how hedge fund titan Steven Cohen built an empire on "black edge" insider trading yet escaped prosecution. Called "a modern Moby-Dick with wiretaps" by The New York Times, this bestseller reveals why financial corruption remains virtually untouchable.

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    Best quote from Black Edge

    “

    From now on, no one is trading but me.

    ”
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    The Billionaire Who Outmaneuvered the Law

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    In the summer of 2008, FBI Special Agent B.J. Kang sat in a nondescript surveillance van, listening to a wiretapped call that would eventually unravel one of Wall Street's most notorious insider trading networks. The conversation revealed advance knowledge of Akamai Technologies' disappointing earnings-information that would net billionaire Raj Rajaratnam over $5 million in illicit profits. But this was just the beginning. As investigators pulled on this thread, they discovered a much bigger target: SAC Capital Advisors and its enigmatic founder Steven Cohen, whose uncanny ability to be "always on the right side" of trades had long raised suspicions on Wall Street. Cohen's hedge fund operated with a ruthless efficiency that generated billions in profits but left a trail of ethical questions in its wake-questions that would eventually lead to the largest insider trading investigation in American history.

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    7

    When Justice Falls Short