In Good Faith: The Inside Story of Prudential-Bache's Multi-Billion-Dollar Scandal that Defrauded Thousands of Investors and Fractured the Rock

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The Prudential: the very symbol of integrity to the generations of Americans who wished to make sure that their loved ones were provided for. This book, the first full account of the largest scandal ever to rock the financial world, will shake that confidence to its core. When Prudential-Bache decided, in 1981, that it was high-time to get a bigger piece of the retail investment market, who could doubt that they would be "Rock solid, market wise"? As it turned out, Prudential-Bache's customer's found themselves ...
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Overview

The Prudential: the very symbol of integrity to the generations of Americans who wished to make sure that their loved ones were provided for. This book, the first full account of the largest scandal ever to rock the financial world, will shake that confidence to its core. When Prudential-Bache decided, in 1981, that it was high-time to get a bigger piece of the retail investment market, who could doubt that they would be "Rock solid, market wise"? As it turned out, Prudential-Bache's customer's found themselves victims of the largest financial scandal in history. During the 1980s, Prudential-Bache sold what have proven to be billions in nearly worthless investments, all in good faith. In this carefully researched and fascinating expose, an award-winning financial journalist explores the full dimensions of this scandal that has brought devastation to countless investors.
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Editorial Reviews

Library Journal
In yet another financial expos, a journalist reveals how those folks who proudly owned "a piece of the rock" in the 1980s found themselves in possession of a lump of coal.
Booknews
The jacket carries the subtitle: The inside story of Prudential- Bache's multibillion-dollar scandal that defrauded thousands of investors and fractured the rock. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780312130930
  • Publisher: St. Martin's Press
  • Publication date: 7/1/1995
  • Edition description: 1st ed
  • Pages: 256

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