Octopus
Sam Israel, the Secret Market, and Wall Street's Wildest Con
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Narrated by:
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Jeff Woodman
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By:
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Guy Lawson
About this listen
Born into one of America's most illustrious trading families, Sam Israel was determined to strike out on his own. After apprenticing with one of the greatest traders of the 1980s, he founded his own fast-growing hedge fund, promising investors extraordinary returns.
But it was all an elaborate charade.
After suffering devastating losses and fabricating fake returns, Israel knew it was only a matter of time before his real performance would be discovered. So when a former black-ops agent told him about a "secret market" run by the Fed, Israel bet his last $150 million on a chance to make billions. Thus began his bizarre journey into "the Upperworld" - a society populated by clandestine bankers, shady European nobility, and spooks issuing cryptic warnings about a mysterious cabal known as the Octopus.
©2012 Guy Lawson Shark World Productions LLC / Guy Lawson (P)2013 Audible, Inc.Listeners also enjoyed...
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Red Notice is a searing expose of the wholesale whitewash by Russian authorities of Magnitsky's imprisonment and murder, slicing deep into the shadowy heart of the Kremlin to uncover its sordid truths.
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This is an absolute "YES" as your next read/listen
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By: Bill Browder
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The Wizard of Lies
- Bernie Madoff and the Death of Trust
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- Narrated by: Pam Ward
- Length: 16 hrs
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Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion. Many have speculated about what must have happened, but no reporter has been able to get the full story - until now. Diana B. Henriques of the New York Times has written the definitive book on the man and his scheme.
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The best of 3 madoff books
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A brilliant investigative narrative: How six average Soviet men rose to the pinnacle of Russia's battered economy. David Hoffman, former Moscow bureau chief for
The Washington Post, sheds light onto the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men Hoffman reveals how a few players managed to take over Russia's cash-strapped economy and then divvy it up in loans-for-shares deals.
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Supreme Chronicle of Murky Times
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Performance
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At the height of the roaring 20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreuger's suicide in 1932, the true nature of his empire emerged.
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excellent Depression era history-biography
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Story
Erin Arvedlund, the financial reporter who questioned the amazing returns of Bernie Madoff's hedge funds way back in 2001, traces the life of the infamous swindler and addresses the tough questions surrounding the collapse of his Ponzi scheme.
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Doesn't add much more that a lot of details.
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Say the name 'Enron' and most people believe they've heard all about the story that imperiled a presidency, destroyed a marketplace, and changed Washington and Wall Street forever. But in the hands of Kurt Eichenwald, the players we think we know and the business practices we think have been exposed are transformed into entirely new, and entirely gripping, material.
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Great Story
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In 2006, hedge fund manager John Paulson realized something few others suspected - that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him.
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Better Books Now Available
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In 2009, at the peak of the financial crisis, AIG - the American insurance behemoth - was sinking fast. It was the peg upon which the nation hung its ire and resentment during the financial crisis: the pinnacle of Wall Street arrogance and greed. When Bob Benmosche climbed aboard as CEO, it was widely assumed that he would go down with his ship. In mere months, he turned things around, pulling AIG from the brink of financial collapse and restoring its profitability.
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Worthwhile, informative, and just short of inspiring
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Sumner Murray Redstone, once feared as the “mad genius” of media who would dump his CEOs for mere wobbles in his companies’ stock price, had built one of the world’s greatest media empires through a series of audacious takeovers constructed to ensure that he always maintained control. Today he controls 80 percent of the voting shares of both Viacom and CBS, meaning that on a whim he could replace the entire boards of two public companies with a combined value of $40 billion.
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Feels biased. Well researched, but not engaging.
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Street Freak
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When Jared Dillian joined Lehman Brothers in 2001, he fulfilled a life-long dream to make it on Wall Street - but he had no idea how close to the edge the job would take him. Like Michael Lewis' classic Liar's Poker, Jared Dillian's Street Freak takes listeners behind the scenes of the legendary Lehman Brothers, exposing its outrageous and often hilarious corporate culture.
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Performance overwrought, drama swamps meaning
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Once in Golconda is a dramatic chronicle of the breathtaking rise, devastating fall, and painstaking rebirth of Wall Street in the years between the wars. Focusing on the lives and fortunes of some of the era's most memorable traders, bankers, boosters, and frauds, John Brooks brings to vivid life all the ruthlessness, greed, and reckless euphoria of the '20s bull market, the desperation of the days leading up to the crash of '29, and the bitterness of the years that followed.
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A must read for investors
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During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement, and how the entire financial industry - and even the entire country - lost its way as well. Kirsten Grind’s The Lost Bank is a magisterial and gripping account of these events.
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Sad and Angry by Turn
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What listeners say about Octopus
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Bspell5000
- 12-26-17
What A Ride
Great story. I found myself rooting for the bad guys many times. The tale told and believed by the main character is so implausible it's actually believable.
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1 person found this helpful
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- A. Larson
- 06-22-16
An Excellent Audible Choice
Would you recommend this audiobook to a friend? If so, why?
Yes. The author did a fantastic job of collecting all the minute details of this story. There are so many little details that it must have been a big challenge collecting and putting it all together. In addition, the book is organized and written very well.
What was one of the most memorable moments of Octopus?
The resumption of the beginning, which occurs very near the end. I actually said, "WHAT?!"
What does Jeff Woodman bring to the story that you wouldn’t experience if you just read the book?
He did a great job; I liked Jeff Woodman's narration as much as my favorite narrator, which is George Guidall.
Any additional comments?
If you like the show, "American Greed," or enjoyed the 3-part Madoff production, or liked the book on Charles Ponzi, I think you'll enjoy this book a lot.
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2 people found this helpful
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- A. B.
- 06-19-24
Fascinating story
I learned a lot about how the stock market works and financial crime. Was worth it just for that.
Excellent reader!
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- Phaedrus
- 08-14-18
Interesting blend of fraud and conspiracy theory
I was riveted to this book. It's a fascinating blend of serious financial fraud and wild conspiracy theory. Not only is the story a good one, but it's very well told. The pace is brisk, the story always moving forward. A good use of a credit.
#tagsgiving #sweepstakes
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1 person found this helpful
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- Carl Howard
- 07-16-14
Oh, the accents!
Which character – as performed by Jeff Woodman – was your favorite?
Just quickly...
I have found that the attempt by various professional readers to duplicate various regional accents stumbles from the comical to the clumsy to the near-racist.
They don't make the listening experience better for me, personally, and I do rather wish the whole practice would simply stop.
Having only recently started the book, I have not very much else to say about it just yet.
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3 people found this helpful
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- James P Carter
- 08-08-14
Amazing story of how stupid a smart guy can be
This book was unbelievable because it is true. The main character, Sam, is a hard driving and intelligent fellow. His business is the stock market and unfortunately his is not good at his business. When he get behind in his hedge fund that is when the crazy starts. You will wonder if this really happened as con man meets con man. I verified that everything in the book was accurate. I will tell you no more, it is an exciting book
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2 people found this helpful
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- Todd
- 09-27-18
Truth stranger than fiction
Bizarre but fascinating story. Outstanding narrator.
The story drags a bit towards the end, but the finish is worth holding on for.
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- Adam Jarr
- 02-11-19
Absolutely fascinating story of cons within cons
Absolutely fascinating story. Sam Israel was a weirdly sympathetic character, a failed hedge fund trader who became a Ponzi scammer who then became the victim of a truly spectacular fraud perpetrated by a cast of characters who make Frank Abagnale look like a rube.
The author did an excellent job of weaving in and explaining complicated financial topics and Wall Street history into the narrative. The narrator also did an amazing job as well; his wry speaking voice really fit well with the alternatively suspenseful and farcical tone of the story.
The narrator also did a great job of providing distinctive voices/speech patterns to each of the characters (Sam Israel, Marino, Nichols, Ryan, etc.) to the point where as a listener I could recognize individual characters just by hearing “their” voices.
All in all, a really great book that has a lot of relistenability.1
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- Anthony W. Gibbs
- 04-24-22
Sad
Another greedy piece of crap, and honestly not much different from the stories of other gangsters and such. It is a loathsome thing to steal pensions . And what is not talked about is how that cost is passed along to society as people who did have a plan will likely need some kind of assistance to survive. Israel is right where he needs to be. I don't think he is the AntiChrist but he sure hurt a lot of people. I hear this kind of conspiracy talk all the time and this may indeed be the ultimate expression of it.
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- Norman Holland
- 04-16-22
Gripping..
proves the adage, "truth is stranger than fiction.." truly fascinating story.. and the added bonus of the most convincing explanation to date of what happened to danny casolaro ive heard yet..
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