The Scorpion and the Frog: High Times and High Crimes by David S. BarryThe frog is afraid of being stung, but the scorpion argues that if it did so, both would sink and the scorpion would drown. The frog then agrees, but midway across the river the scorpion does indeed sting the frog, dooming them both. When asked why, the scorpion points out that this is its nature. Sometimes, very smart people forget that the government is not their friend. The government can be your friend for awhile, and against your common enemies, but eventually the government will sting you just as the scorpion stung the frog in the famous fable recounted above. This lesson seems to be playing out again today in an obscure stock power play, and the lessons it contains should teach people, companies, and industries that the government is not their friend and should not be recruited as an ally. Pershing Square Capital Management is a hedge fund that has engaged in a bitter squabble for years with Herbalife, a Los Angeles-based maker of nutrition products.
The Scorpion And The Frog: A Tale Of Modern Capitalism
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A native of Sicily, Lauria discovers his "entrepreneurial spirit" as a Long Island teenager, developing "a multi-tiered marketing program for marijuana" in high school. Offered a chance to be a "cold caller" at a mid-level brokerage firm, Lauria quickly moves onward and upward, taking readers along for the ride as he puts together a "pump and dump" stock-manipulation scheme: his firm secretly acquired control of securities in the name of offshore companies, artificially inflated the price by selling stock to investors in return for undisclosed cash payments, then sold the inflated stocks and deposited the profits in offshore accounts. The book's real drama comes when Lauria turns to old mob friends for help with keeping his scheme alive, which leads to "brutal mob intimidation and retaliation tactics" used against some stock brokers, while the Feds start to pursue Lauria's stock scams. He argues that, at the time, no brokerage house on Wall Street was completely clean, because the "pump and dump" profits were too much to keep away the mob. While the book is too long, Lauria's overall entertaining combination of elements from the film Wall Street and The Sopranos could receive an eager reception by the many people who currently conflate Wall Street and crime—that is, a lot of Americans. View Full Version of PW.
The Scorpion and the Frog is an animal fable that seems to have first emerged in Russia. On account of its dark morality, there have been many references to it since then in popular culture , including in films, television shows, and books. A scorpion asks a frog to carry it across a river. The frog hesitates, afraid of being stung by the scorpion, but the scorpion argues that if it did that, they would both drown. The frog considers this argument sensible and agrees to transport the scorpion. The scorpion climbs onto the frog's back and the frog begins to swim, but midway across the river, the scorpion stings the frog, dooming them both.
The Scorpion and the Frog: High Times and High Crimes [Salvatore Lauria, David The book's real drama comes when Lauria turns to old mob friends for help.
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Even more interesting are the details about his cooperation with the CIA in Russia against al Qaida that helped keep him out of prison for racketeering. Lauria sought to stop publication of his own book. Not because it was fiction, but because it told the truth. According to Lauria, he had agreed to write the book on the condition that his real name not be used. His publisher, however, went ahead and used his real name, and Lauria was worried that he could be physically harmed by the people named in the book. He would spend the next two years there before returning to the United States to surrender to the FBI in and plead guilty to racketeering.
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