Vesco: From Wall Street to Castro's Cuba

Beyond the obvious research the author has done on the subject; he has painted a picture of one of those men in history who lived a colorful life at possibly the wong time. In today's world Robert Vesco would probably be a hero.

The book is about as good as any book could be, given the secrecy in which its main subject operated. It never gives the reader any clarity about why Vesco committed the crimes that made him famous (he could have made just about as much money legally, and would not have ended up in jail in Cuba as a result.) But in a case where little is known about what precisely happened, it is unfair to expect Herzog to explain why it happened. Anyway, this is the only book on Mr. Vesco that discusses his later career, and it sorely deserves an update. Required reading for any scholars of 1970s finance or Wall Street scandals.

VESCO:FROM WALL STREET TO CASTRO'S CUBA by Arthur Herzog is a riveting study of while-collar criminal, Robert Vesco, accused by the Securities Exchange Commission of looting Bernard Cornfeld's Investor's Overseas Service (IOS) of 425 million in 1986. Vesco fled the USA before he was brought to trial, presumably, taking the money with him. The ingredients of "game playing", secretiveness, manipulation, bravado, and a "slippery streak" mixed with a more than usual dose of greed and chutzpah is the foundation of the Vesco legend. Herzog looks at his ambitious childhood in Detroit, his early marriage at seventeen, and his knack of losing jobs. After awhile Vesco decides to start his own businesses, ultimately creating wealthy conglomerates. But Vesco did not work alone; he sought out and persuaded powerful, wealthy men to join him in his various get-rich schemes. After he left the country, he still had a line to the best attorneys to represent him and to powerful politicians to protect him, as he hop-scotched around the Caribbean--Costa Rica, the Bahamas, Nicaragua, Antigua, and eventually Castro's Cuba. It is here that Herzog catches up with the fugitive financier and gets the first interview ever with him. Ironically, Herzog's last question, "Bob, was it all worth it?" is left unanswered as Vesco scurries away. * * *

I would love to meet and greet the person the book is about. It is as if he has left no stone unturned. Mr. Vesco if you can read this please call me @ 1-313-577-6951. Thanks Carole McCormick.