Octopus: Sam Israel, the Secret Market, and Wall Street's Wildest Con

Guy Lawson. Crown, $26 (368p) ISBN 978-0-307-71607-1
Relying on "hundreds of hours interviewing Sam Israel in prison" and "thousands of pages of legal documents," Lawson (The Brotherhoods) reveals the inside story of the infamously fraudulent hedge fund trader who in 2008 faked his own suicide in an attempt to escape imprisonment. As a protégé in the ‘80s to the successful but ethically dubious Frederic J. Graber, Israel quickly learned that shirking the rules was the quickest way to a buck. But by the late ‘90s, Israel's independent hedge fund venture, Bayou, was in serious trouble—the promise of guaranteed returns had driven the greedy financier to engage in increasingly unsavory business practices. Things hardly improved, but Israel's willingness to dissemble grew—as time went on, Israel became involved with ever shadier individuals; the job of upholding Bayou's manifold lies amounting to a kind of full-time counter-espionage. One such contact, intelligence operative and contract killer Robert Booth Nichols, informed a desperate Israel of a secret market run by the world's 13 most powerful families and for which the Fed is ostensibly "nothing but a front." Needless to say, things didn't turn out well for Israel, but the tale of his fraught journey makes for an exhilarating page-turner. (July)
Reviewed on: 07/30/2012
Release date: 07/01/2012
Show other formats
Open Ebook - 184 pages - 978-0-307-71609-5
Hardcover - 978-1-78074-123-9
Hardcover - 352 pages - 978-1-78074-228-1
MP3 CD - 978-1-4805-7689-6
Paperback - 352 pages - 978-1-85168-978-1
Paperback - 352 pages - 978-0-307-71608-8
Stay ahead with
Tip Sheet!
Free newsletter: the hottest new books, features and more
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
Only $18.95/month for Digital Access
or $20.95 for Print+Digital Access!
Email Address


Log In Lost Password

PW has integrated its print and digital subscriptions, offering exciting new benefits to subscribers, who are now entitled to both the print edition and the digital editions of PW (online or via our app). For instructions on how to set up your accout for digital access, click here. For more information, click here.

The part of the site you are trying to access is now available to subscribers only. Subscribers: to set up your digital subscription with the new system (if you have not done so already), click here. To subscribe, click here.

Email pw@pubservice.com with questions.

Not Registered? Click here.