Saturday, January 26, 2008

Staggering tale of financial illegality and drugs

Continuing on the theme of the farcical nature of the financial markets, it is worth reading "Wall Street Crash" in today's Guardian Weekend. It tells the story of Jordan Belfort, the "Wolf of Wall Street". Fabulously wealthy and drugged up to his eyeballs, Mr Belfort spun a web of financial illegality which would have made Robert Maxwell blush. He was eventually nabbed by the FBI.

The Weekend piece, taken from Belfort's book "Wolf of Wall Street", is remarkable for the candid way he describes his breathtaking, illegal activities.

There is also a telling and amusing remark from a policeman after Belfort is arrested for allegedly causing a series of car crashes while under the influence of drugs. Belfort writes:

I tested positive for cocaine, methaqualone, benzodiazepines, amphetamines, MDMA, opiates and marijuana. "In fact, the only thing you're not showing is hallucinogens," said the police officer. "What's wrong, you don't like those?"

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