Circle of Friends: The Massive Federal Crackdown on Insider Trading%E2%80%94 and Why the Markets Always Work Against the Little Guy

Prostitution is said to be the oldest profession, but insider trading must top the list of world's oldest white-collar crimes. Bestselling author and Fox News correspondent Gasparino's book is a true account of economic corruption that reads like a thriller. He constructs a story of crime and punishment, filled with larger-than-life personalities and their comrades in federal law enforcement. The fast-pace narrative and Gasparino's beat-on-the-street writing aside, the book examines insider trading from conception to its potential effects on society. The author's main incentive is in revealing the politics of federal prosecution of crime. He goes deep inside the government's investigation, providing new perspective on regulators exaggerated view of insider trading, arguing ulterior motives. According to Gasparino, the 2008 collapse of the economy was not caused by such petty offenses. Readers are left wondering, why is the government avoiding the more major crimes on Wall Street? Agent: Scott Shuster, Zachary Shuster Harmsworth Literary Agency (July)