The Stray Bullet – Bonus Post

This blogger skimmed the ebook, “The Stray Bullet: William S. Burroughs in Mexico” by Jorge Garcia Robles, translated by Daniel C. Schechter, published in 2006.

The author William S. Burroughs was of the “Beat” generation of the 1950’s. Such people engaged in an unconventional lifestyle, as they were artists and writers. Many took drugs and consumed alcohol in large quantities. In 1949, Burroughs and his wife Joan moved to Mexico, where there was lots of vice and corruption. He was a heroin addict and she was an alcoholic. They had a son and a daughter.

Read the book to learn the minutiae of the family’s lifestyle, and the untoward occurrence that engendered much grief for everyone involved.

Fake

The Book of the Week is “Fake” by Kenneth Walton, published in 2006. This book’s author tells a suspenseful story about his 2003 eBay activities that were deemed a crime.

A friend who was well-versed in the business, sparked Walton’s passion for hunting for paintings at antique shops, thrift stores and flea markets, and reselling those paintings at a profit on the online auction site. However, as Walton honed his entrepreneurial skills, he got greedy and began to collude with his friend, using deception to make more money.

Read the book to learn of what happened when Walton found himself in serious trouble, and how he realized he could make money honestly through a different pursuit for which he had natural ability, and for which he developed a passion.

The Billionaire’s Apprentice

The Book of the Week is “The Billionaire’s Apprentice” by Anita Raghavan, published in 2013. This ebook describes the investigation into the activities of a few Wall Streeters who were accused of insider trading in the past several years. Most of the accused happened to be of South Asian descent–from  Sri Lanka and India.

One concept the book conveys to readers is that it is unknown how many American securities-industry professionals are benefiting from insider trading, but the people in this book just happened to get caught because there was sufficient evidence against them to prompt the SEC, US Attorney’s office and FBI to go after them, rather than other possible offenders. The departments involved included the SEC’s Market Abuse Unit and the Department of Justice’s Securities and Commodities Fraud Task Force in the legal jurisdiction of the Southern District of New York (covering Manhattan and the Bronx, according to the author).

Another concept is that the investigating organizations and the securities industry are staffed with many people who, during their careers, switch allegiances. They might go from being a prosecutor to being a defense attorney, or from brokerage executive to government regulator, or vice versa. In this book the “old boy network” is alive and well. Arguably, conflicts abound.

Read the book to learn, among other extremes, about wiretapping (not the NSA’s), about one of the accused who “had several phones– at least thirteen– and he used them all” and a $30 million legal bill.

Law Man – Bonus Post

This blogger skimmed the book “Law Man” by Shon Hopwood published in 2012. In this personal account, Hopwood details his actions as a bank robber, and their consequences, complete with the romantic subplot.

In May 1999, the author was permanently placed in prison in Peoria. He felt relief because “Mostly I wanted my hard time to begin so it would start to end.” He told the reader of the term “chester”– short for “child molester.” Luckily, early on, Hopwood found an inmate who became his mentor, who taught him how to fashion a wooden-handled steel rod; the best weapon in the prison– which housed a metal fabrication plant. “… you can run it straight through a man’s liver. But what’s better is a lot of friends.”

More than three quarters of the prisoners were wannabe rap stars. Hopwood wrote, “You must have a job in prison; it’s not supposed to be a vacation, after all.” Postage stamps were the major means of exchange. Whenever the post office raised the price of stamps, the prison economy was disrupted.

On one occasion there was a gang brawl in the exercise yard involving attempted murder, resulting in a four-day lockdown of the entire prison. “In a world of attention-craving narcissists, lockdowns border on cruel and unusual punishment.”

Read the book to learn how the author was responsible for a change in a major legal ruling, an occurrence whose odds were akin to winning the lottery.

On the Wings of Eagles

The Book of the Week is “On the Wings of Eagles” by Ken Follett, published in 1983. This ebook recounts how a group of employees from the American company EDS, stationed in Tehran, underwent an incredible, life-changing experience in early 1979, at the start of the Iranian revolution. H. Ross Perot, CEO of EDS, got “down in the trenches” with his men, and toward the end of the story, was portrayed as a Daddy Warbucks character; his endless money and friends in high places helped him magically remove bureaucratic obstacles to get things done in a hurry.

The Iranian government was EDS’s sole client in Iran. In mid-1978, it started to default on EDS’s multi-million dollar bill for engineering social-security and health insurance software. The extremely suspenseful series of events was focused on two EDS men in particular whom one Iranian in particular from the old (Shah’s) regime had arrested and jailed. He set their bail at an outrageous $13 million in a petty power game. There were three ways the company could get those two employees released from jail: “…legal pressure, political pressure, or pay the bail.” Or a few other ways, which were illegal.

Assistance and sympathy of the officials at Tehran’s American Embassy for EDS were less than forthcoming. There were many more serious problems to deal with.

Initially, the aforesaid Perot exhibited an American mentality, thinking that he and the bad guy could settle the matter with legalistic negotiations. However, Iran was not playing by the same rules. He then came up with a hare-brained scheme, which would involve breaking various federal laws if certain of its components were to occur in the United States.

As an aside– this blogger found it hard to get used to the vocabulary that Americans used at the time of the book’s publication– “…what the McDonald’s girl said to me…”  “…blond Swedish girl in her twenties,” “stewardesses” and “knapsack,” among other old-fashioned terms. There was also a funny scene late in the group’s emotionally traumatic saga. After surviving many serious threats to their lives over the course of weeks, the EDS group was on a plane that was having mechanical trouble in the air. “I can’t believe this,’ said Paul. He lit a cigarette.”

Read the book to learn the fate of the individuals involved in this riveting thriller.

The Hoax

The Book of the Week is “The Hoax” by Clifford Irving, published 2006.

This is a personal account of an incredibly talented, savvy phony and writer, who, starting in 1969, with a co-conspirator, Dick Suskind, proceeded to write the autobiography of reclusive businessman Howard Hughes; phony, because he had never met Hughes.

McGraw Hill, Irving’s publisher, believed Irving when he told them he had actually spent time with Hughes. McGraw wanted to believe that it was going to produce an exclusive work on a billionaire businessman who, up to that point, had refused to let anyone publicize significant information on his personal life.

Irving and Suskind perpetrated their deception because: trying to get away with preying on the gullibility and greed of the publishing industry was a challenge that would make them feel alive.

Pursuant to the writers’ scheme, the book was “…based on fact and yet we had the freedom and power to infuse fact with the drama of fiction.” The writers did extensive research– spent hours poring over old city telephone directories, old maps, surveys, society columns and classified documents in order to perfectly embody Hughes’ voice in print. When they were concocting anecdotes, they inserted (real) people who were dead because dead people couldn’t sue for libel.

Incidentally, a whole other book could be written on the name for the marital anguish: soul-vomit, that Irving caused his wife with his adulterous behavior– that has so much female appeal on the big screen and in books.

Read the book to learn what was becoming of Irving and Suskind when Irving was heard to say, “You know, I’ve had a lot of experience in this past year burning manuscripts. It takes a long time and it’s not easy.”