3. A Diabolical Story

“Still a man hears what he wants to hear and disregards the rest.”

—Paul Simon, “The Boxer”

On a beautiful Iowa summer’s day in 2012, Russell Wasendorf, Sr., the chief executive of a major futures brokerage firm, was found by an employee, unconscious in his car. Wasendorf had rigged a tube directly from his exhaust into the Chevy’s cabin in an apparent suicide attempt. He was revived and subsequently confessed to stealing over $200 million from his customers’ accounts over a 10-year period. He spent the money on a new corporate headquarters, real estate investments (primarily in Romania, of all places), a private jet, and travel and entertainment for family members and staff.

How did Wasendorf get away with this over such ...

Get Learn How to Trade Commodities (Collection) now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.