Investors invariably greet each new Wall Street scandal with shock and dismay. But scholar and author Richard Roberts reminds
readers that fraud is nothing new in the U.S. financial industry. Tracking miscreants from Charles Ponzi to Enron, Roberts succinctly outlines scams that have separated
investors from their money. His overview of Wall Street fraud is the most compelling part of this book, which is mostly a textbook-style primer that outlines the structure of Wall Street. Overall, Roberts focuses on describing Wall Street’s various stages of
development, sectors and markets, perhaps with too little narrative thread or fresh analysis. getAbstract recommends this as a thorough introduction to U.S. financial industry that offers some insight into its scandals.