Trump Surrounded

I write thrillers based on my over 25 years experience on Wall Street about shady financiers, crooked lawyers and megalomaniacal CEOs who cheat on their taxes, use offshore shell corporations to hide their assets, and launder money.

Sound familiar based on current events?

  

Andrea Kudacki for the New York Times

Yesterday, Michael Cohen, President Trump’s longtime personal lawyer, did a plea bargain acknowledging guilt for campaign-finance violations, tax evasion and bank fraud, and Paul Manafort, Trump’s former campaign chairman, was convicted of tax and bank fraud and failure to report a foreign bank account.

Drew Angerer/Getty Images

When someone is surrounded by slimeballs, it's not guilt by association, just the old adage restated Tuesday by Representative Tom Cole, a former House Republican campaign chairman: "Where there's smoke, and there's a lot of smoke, there may well be fire." And there's so much of it here that Trump is not only surrounded, but engulfed.

When the FBI stormed Cohen’s office and hotel room by surprise in April, Rudy Giuliani, former U.S. Attorney who honed his hardball tactics in bringing down many of the 1980s insider traders—decades before he became Trump's attorney—said something very telling: “Is this surprising? Yes. Is it extraordinary? No. This is the way prosecutors get information…”

Giuliani spoke from experience; he knows how prosecutors like Mueller work. They throw lines in the water where they smell something stinky, then reel them in and see who they catch. Then use those peripheral crooks to turn States’ evidence, or just get early convictions and then squeeze the convicted for cooperation in exchange for short sentences. All as part of going after their ultimate prey.

So for Robert Mueller & Co., here's the score so far. Guilty pleas from Michael Flynn,(Trump’s first national security advisor), Rick Gates (Manafort’s longtime associate), and George Papadopoulos (a Trump campaign foreign policy advisor), 32 indicted individuals, and 187 charges regarding evidence of Russian tampering with our 2016 election.

And yesterday, Cohen and Manafort. More significantly, Cohen, in the process of copping his plea, implicated the president on the record in open court in baldly specific terms. He said he made payments to Stormy Daniels and Karen McDougal to keep them from talking about affairs they had with Trump “in coordination with and at the direction of a candidate for federal office,” and, “I participated in this conduct, which on my part took place in Manhattan, for the principal purpose of influencing the election” for president in 2016.

Does anybody really think this is going away?

Representative Jerrold Nadler of New York, the top Democrat on the House Judiciary Committee, remarking upon the potential for an impeachment inquiry, allowed that, "this is getting deeper, and it's going to get more and more serious."

So where do we go from here? Or where does Mueller go?

All I can say is if I were writing this story as a novel it wouldn’t turn out well for the president. Stay tuned.

The Gravy Train

My novel, The Gravy Train, is the story of a novice banker who tries to help an aging chairman buy his company back before the Wall Street sharks who drove it into bankruptcy can carve it up for themselves.

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Finn Keane is a starry-eyed, freshly-minted MBA who lands a job at Abercrombie, Wirth & Co., the hottest firm on Wall Street in a red-hot market. He’s assigned to work on his first deal under the firm’s biggest producer, Jack Shane. Finn is thrilled. The deal is an ambitious acquisition by northeast regional department store chain Kristos & Co. of the high-end retailer, Milstein Brothers Stores, that will create a nationwide retail department store juggernaut. Finn immediately bonds with Nick Christanapoulas, the chairman of Kristos & Co., who has handed the day-to-day reins of the 160-store chain he built to his idiot son-in-law, Stanley, who Shane talked into the ill-conceived deal.

Shortly after the deal closes, the economy tanks and the markets crash. The merged company defaults on the junk bonds that Shane orchestrated to finance the deal even before it makes its first interest payment.

It’s at that point that Finn learns that Shane isn’t only ABC’s biggest producer; he’s also its biggest SOB.

Immediately after the company is forced to file for bankruptcy, the Wall Street sharks close in, led by Shane, and things move quickly after that. Finn gets fired by Shane and he aligns himself with Nick. Finn and Nick team up with a streetwise old bankruptcy lawyer in an effort to help Nick buy the company back out of bankruptcy.

Finn and his rag-tag group face off against Shane, the creditors and their battery of numbers crunchers, led by one of the most sophisticated and brazen bankruptcy lawyers on Wall Street, who knows all the dirty tricks of the trade and then some.

As in all minnow-versus-whale stories, you wonder how the good guys can possibly win because the odds are so stacked against them. But even if they can’t, half the fun is seeing if they can at least land a few solid punches against the bad guys before they go down swinging.

The book is based in part on the first bankruptcy deal I worked on early in my career, and it has some colorful characters based on a number of the oddballs and SOBs I encountered in the course of it.

And the title of the book is taken from real life as well: it’s the nickname of the Amtrak train from New York to Wilmington, Delaware, the site of the court where many of the main bankruptcy cases are decided. It’s on the cars of The Gravy Train on the way to court where the lawyers, bankers and creditors committees who populate the bankruptcy world huddle together. They posture, haggle and yell at each other to cut the deals they present to the judges.

I hope you’ll give The Gravy Train a try. It’s a fast-paced read that will give you some insight into how the bankruptcy game works, and hopefully entertain you.

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Bull Street - My White Collar Crime Thriller #1

Bull Street is the first of my White Collar Crime Thrillers. It's the story of Richard Blum, a freshly-minted MBA who goes to Wall Street as a naive, novice investment banker and soon discovers he’s landed smack in the middle of an insider-trading ring. As Richard peels away the layers of the skulduggery he's uncovered, he finds out that all the insider trading surrounds the deals of his firm’s largest client, Harold Milner. Milner is the takeover maven of his generation who Richard has idolized for years. In fact, on Richard’s first big deal on the Street, Milner has taken him under his wing. So Richard can’t believe Milner is involved in the insider trading, but stops short when he thinks of telling Milner what he’s discovered.

What if Milner is part of the ring? What if he isn’t but if Richard’s disclosure to Milner leaks to the traders and triggers them to come after him because he knows too much? And then what about the Feds he finds out are sniffing around? Will the footprints he’s left with his own digging cause the Feds to think he’s a participant in the ring and put him in their crosshairs?

Not only does Bull Street have those thriller elements, it's a coming of age story about Wall Street told from an insider's perspective. That's because I wrote the first draft of it when I was a freshly-minted MBA who landed on Wall Street as a naive, novice investment banker. As such, the novel includes many of my jarring learning experiences as I cut my teeth in Wall Street's sharp-elbowed world. I started my career there in an era that saw major insider trading and securities fraud scandals: the likes of Ivan Boesky, Marty Siegel, Dennis Levine and Mike Milken paid huge fines and went to jail in those days.

And so among the usual outsized personalities, misfits and oddballs I encountered in my early days on Wall Street, I also met a number of crooks from that era, a few of them high-profile. Bull Street is fiction, but the grandiose egos, the bare-knuckles negotiating tactics and the questionable ethics of many of the men and women of Wall Street portrayed in the book are true to life.

I hope you’ll give Bull Street a try. It's the first of my White Collar Crime Thrillers, and like all of the books in the series, it offers a window into the world of Wall Street’s financial gamesmanship from the perspective of one who’s been there.

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From Antigua to Morocco

My latest White Collar Crime Thriller, Spin Move, is about a guy named John Rudiger who’s a fugitive financier living under an alias in Antigua. How Rudiger wound up in that position is a long story, which I laid out in a series of short stories and novellas called Rudiger Stories.

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The 60-second summary is that Rudiger is basically a good guy who was a money manager in New York named Walter Conklin with a $1 billion hedge fund around the time of the Internet boom. He specialized in technology stocks, so as you might guess, he was considered a wunderkind there for a while. The guy puffed himself up, in more ways than one, along with the markets. He married a sassy, big-busted social climber from Long Island, developed a taste for high-priced wines, bought a Park Avenue coop, opened a Park Avenue office with a personal Cordon Bleu-trained French chef, and even got pretty puffed up physically—ballooning from his All-American college football weight to over 300 pounds.

When the Internet bubble popped and the NASDAQ crashed, things fell apart for Conklin. It turns out his wife, Angela, was screwing one of his best friends and his CFO and partner at his hedge fund was screwing him even worse: he cooked the books to pump up Conklin’s already phantasmagorical returns in order to suck in more investors, and then when the market tanked he panicked, turned state's evidence and blamed it all on Conklin. That's what put Conklin on the run to South America for plastic surgery, a gastric bypass, and his John Rudiger alias in the Caribbean.

So now you’re caught up with how Rudiger wound up in Antigua.

Enter Katie Dolan.

Katie, a petite strawberry blonde with a lithe body and washboard abs, was raised tough-as-nails in Cobble Hill, Brooklyn, and had worked her way up from the streets to become a lawyer, first for the Manhattan DA’s office and then for Assistant U.S. Attorney Charlie Holden in Manhattan. Holden was the guy who arrested Conklin's CFO, and the reason Conklin skipped the country when he realized Holden was hot on his trail.

Katie landed in Antigua at Holden’s behest to try and get the goods on Rudiger, prove he was really Conklin and extradite him back to the U.S. for trial and jail. Pheromones flew when she saw his 6’2’’ tanned and muscled body and ski-slope nose. His hormones responded in kind.

Rudiger did Holden one better and co-opted Katie to go with him back to New York to pose as his ex-wife Angela to help him recover $50 million in bearer bonds he’d stashed in a safe deposit box.

Katie did Rudiger still one better, screwing him out of $30 million of the bonds, and thus begins our story, Spin Move.

It’s a year after Rudiger and Katie’s tryst in New York, and now the Antiguan officials are demanding ever more exorbitant payouts to maintain his cover. He’s running out of money.  Katie is holed up with her ailing father in Cape Verde, an Island paradise off the coast of Africa that conveniently lacks an extradition treaty with the U.S., an idea she took right out of Rudiger’s playbook. Despite her double cross, Rudiger is still hot for Katie, and he knows just where to find her when he leaves Antigua. But U.S. Attorney Charlie Holden is still hovering in the background, dead set on catching them both. Even worse, Katie’s been sucked in by a dashing, disreputable Swiss banker and he’s conned her out of Rudiger’s $30 million. Can they get it back and escape before it’s too late?

I gave Spin Move the elements of a classic thriller, with pace and jump cuts from Antigua to Morocco to Geneva to the UK, some secondary characters I had a lot of fun with, ongoing fireworks between Rudiger and Katie, a sneaky villain in a murderous Swiss banker, and some action that will hopefully stand up the hairs on the back of your neck.

Readers seem to agree; the reviews have been very positive.

I hope you’ll give Spin Move a try.

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