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Confessions of a Wall Street Insider: A Cautionary Tale of Rats, Feds, and Banksters

Confessions of a Wall Street Insider: A Cautionary Tale of Rats, Feds, and Banksters

by Michael Kimelman
Confessions of a Wall Street Insider: A Cautionary Tale of Rats, Feds, and Banksters

Confessions of a Wall Street Insider: A Cautionary Tale of Rats, Feds, and Banksters

by Michael Kimelman



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Although he was a suburban husband and father, living a far different life than the “Wolf of Wall Street,” Michael Kimelman had a good run as the cofounder of a hedge fund. He had left a cushy yet suffocating job at a law firm to try his hand at the high-risk life of a proprietary trader — and he did pretty well for himself. But it all came crashing down in the wee hours of November 5, 2009, when the Feds came to his door—almost taking the door off its hinges. While his wife and children were sequestered to a bedroom, Kimelman was marched off in embarrassment in view of his neighbors and TV crews who had been alerted in advance. He was arrested as part of a huge insider trading case, and while he was offered a “sweetheart” no-jail probation plea, he refused, maintaining his innocence.

The lion’s share of Confessions of a Wall Street Insider was written while Kimelman was an inmate at Lewisburg Penitentiary. In nearly two years behind bars, he reflected on his experiences before incarceration—rubbing elbows and throwing back far too many cocktails with financial titans and major figures in sports and entertainment (including Leonardo DiCaprio, Alex Rodriguez, Ben Bernanke, and Alan Greenspan, to drop a few names); making and losing hundreds of thousands of dollars in daily gambles on the Street; getting involved with the wrong people, who eventually turned on him; realizing that none of that mattered in the end. As he writes: “Stripped of family, friends, time, and humanity, if there’s ever a place to give one pause, it’s prison . . . Tomorrow is promised to no one.” In Confessions of a Wall Street Insider, he reveals the triumphs, pains, and struggles, and how, in the end, it just might have made him a better person.

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Product Details

ISBN-13: 9781510713383
Publisher: Skyhorse
Publication date: 03/28/2017
Format: eBook
Pages: 256
File size: 943 KB

About the Author

Michael Kimelman is a graduate of Lafayette College and the University of Southern California Law School. Formerly an associate at Sullivan&Cromwell, he was the Founder&Managing Partner of Incremental Capital, a New York based hedge fund with over $250 million in assets, which closed shortly after his arrest. A serial entrepreneur, he is currently consulting and launching new ventures in the culinary, retail, and entertainment spaces. He actively volunteers his time to several causes, including prison and education reform. He lives in Mamaroneck, New York.

Table of Contents

Preface xiii

1 Danger at the Door 1

2 The Human Shredder 13

3 Sunday with Moe 24

4 Into the Lawyer's Den 31

5 Enter the Datek 43

6 The Trading Game … 62

7 A Star is Born: The Advent of Zvi 71

8 Here Today, in Limbo 88

9 Leap of Faith 102

10 Million Dollar Checks 110

11 Fitty 120

12 The Undiscovered Country 131

13 Of Banks and Royalty 149

14 Mercs and the Galleon Duo 166

15 The King is Dead 174

16 A Tale of Two Trials 178

17 Pissing Out of the Tent 208

18 And Justice For All 218

19 Guilty 228

20 Surrender 244

21 Rehabilitation 262

Epilogue 275

Publisher's Note 277

About the Author 279

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