The dark side of Wall Street: An insider’s tale of illegal trades – and illegal substances

[Newsjock]

Source: The Globe and Mail

Sitting in a midtown Manhattan hotel sipping a cup of coffee, Turney Duff explained the similarity between insider trading and snorting cocaine.

“You have these moments of, ‘This might not be right,’ ” he said. “It didn’t smell good, but it felt really good.”

These days, Mr. Duff doesn’t look like a master of the universe – a trader who once earned $2-million (U.S.) a year, lived in a loft in Tribeca and took private jets to the Super Bowl.

... Now sober, Mr. Duff, 43, has just published a tell-all memoir that offers an inside look at the dark side of Wall Street. His book, The Buy Side, is a portrait of a place where breaking the rules was just another way to gain an edge and the appetite to spend knew no limits.

Read more: http://www.theglobeandmail.com/report-on-business/international-business/us-business/the-dark-side-of-wall-street-an-insiders-tale-of-illegal-trades-and-illegal-substances/article12579862/

[meow2u3]

1. I've suspected this all along

It seems as if all the money they steal from investors and the public earn has gone up their noses. No wonder they have a single-minded pursuit of making a fast buck, even if it means disregarding the law.