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By Kolhatkar Sheelah
Kolhatkar Sheelah, 2018
Black Edge delves into the high-stakes world of Wall Street finance, focusing on the controversial practices employed by billionaire financiers, particularly Steven Cohen. The book investigates the methods used by Cohen to build his $15 billion hedge fund, SAC Capital, and the subsequent FBI investigation into insider trading that threatened to unravel his empire. It explores the concept of "black edge," the use of illegal inside information to gain an unfair advantage in the market, and the ethical implications of such practices.
Kolhatkar's work provides a detailed account of the US government's pursuit of Cohen and his employees, shedding light on the legal and moral complexities of financial regulation. It examines the grey areas in which Wall Street operates and raises critical questions about the immense power and wealth concentrated at the top of the financial world. The book offers a revelatory look at the transformation of the global economy and the challenges of policing financial crime.