Serpent On The Rock
During Wall Street's crime wave in the 1980s, no single brokerage firm, banker or trader destroyed the financial security of more people than Prudential Bache Securities. The losses...
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The Story
During Wall Street's crime wave in the 1980s, no single brokerage firm, banker or trader destroyed the financial security of more people than Prudential Bache Securities. The losses from all the celebrated insider scandals add up to a fraction of the damage caused by The Rock-- the costliest securities fraud ever. Why did the nation's third largest brokerage firm, whose very name conveyed rock-solid respectability, launch such a vicious fraud? 'Serpent on the Rock' has the answer. Using hundreds of exclusive sources and thousands of internal, confidential records, it reveals the shocking true story behind the wrongdoing, the cover-up, and the investigations of the real-life thriller that shook the nation and the world.