Halpern brings unexpected literary heft to the world of debt collection.
An investigation of the bottom-feeding underworld of debt collecting and its disreputable cast of rip-off artists.
As journalist and novelist Halpern (Dormia, 2009, etc.) discovered, the world of debt collection is every bit as scummy (and possibly scummier) as its reputation has always suggested. “Some thirty-five million consumers—roughly 14% of all Americans—are currently being hounded over at least one loan,” he writes. The author delivers a tale of two kinds of lowlifes and their collaboration in a lowest-common-denominator business that makes Wall Street look meek and ethical. Halpern begins with a focus on former banker Aaron Siegel, who moved back to his financially downtrodden hometown of Buffalo, N.Y., rounded up $14 million from chummy investors and opened his own private equity fund specializing in debt collection. After being ripped off by his own shady employees, who stole a huge portfolio of debt out from under his nose and started their own rogue agency, Siegel decided to employ the help of ex–bank robber Brandon Wilson to help strong-arm the debt collection competition into submission. Halpern tracks not only Siegel and Wilson’s quixotic quest for the stolen debt, but also the ugly, everyday inner workings of the business as a whole, much of which is based in crime-ridden, economically destitute Buffalo. The predominantly unethical practice of buying, selling and collecting debt is carried out by just the sort of societal outcasts you’d expect—usually, ex-cons or other desperate, otherwise unemployable screw-ups fill the business’s ranks. Halpern’s story of the debt collection world is also a dramatic rise-and-fall tale that traces the anything-goes heyday of debt collecting businesses in the unregulated early 2000s and how it has changed with the consequential recent Obama-era crackdowns on the shadier practices in the field. As we see in the book, these new regulations make it much harder for miscreants like Siegel and Wilson to survive.
Halpern brings unexpected literary heft to the world of debt collection.Pub Date: Oct. 14, 2014
ISBN: 978-0-374-10823-6
Page Count: 256
Publisher: Farrar, Straus and Giroux
Review Posted Online: Aug. 13, 2014
Kirkus Reviews Issue: Aug. 1, 2014
PROFILES
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.
Greed, depravity, and serial murder in 1920s Oklahoma.
During that time, enrolled members of the Osage Indian nation were among the wealthiest people per capita in the world. The rich oil fields beneath their reservation brought millions of dollars into the tribe annually, distributed to tribal members holding "headrights" that could not be bought or sold but only inherited. This vast wealth attracted the attention of unscrupulous whites who found ways to divert it to themselves by marrying Osage women or by having Osage declared legally incompetent so the whites could fleece them through the administration of their estates. For some, however, these deceptive tactics were not enough, and a plague of violent death—by shooting, poison, orchestrated automobile accident, and bombing—began to decimate the Osage in what they came to call the "Reign of Terror." Corrupt and incompetent law enforcement and judicial systems ensured that the perpetrators were never found or punished until the young J. Edgar Hoover saw cracking these cases as a means of burnishing the reputation of the newly professionalized FBI. Bestselling New Yorker staff writer Grann (The Devil and Sherlock Holmes: Tales of Murder, Madness, and Obsession, 2010, etc.) follows Special Agent Tom White and his assistants as they track the killers of one extended Osage family through a closed local culture of greed, bigotry, and lies in pursuit of protection for the survivors and justice for the dead. But he doesn't stop there; relying almost entirely on primary and unpublished sources, the author goes on to expose a web of conspiracy and corruption that extended far wider than even the FBI ever suspected. This page-turner surges forward with the pacing of a true-crime thriller, elevated by Grann's crisp and evocative prose and enhanced by dozens of period photographs.
Dogged original research and superb narrative skills come together in this gripping account of pitiless evil.Pub Date: April 18, 2017
ISBN: 978-0-385-53424-6
Page Count: 352
Publisher: Doubleday
Review Posted Online: Feb. 1, 2017
Kirkus Reviews Issue: Feb. 15, 2017
BOOK TO SCREEN
BOOK TO SCREEN
BOOK TO SCREEN
The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...
Elie Wiesel spent his early years in a small Transylvanian town as one of four children.
He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.
Pub Date: Jan. 16, 2006
ISBN: 0374500010
Page Count: 120
Publisher: Hill & Wang
Review Posted Online: Oct. 7, 2011
Kirkus Reviews Issue: Jan. 15, 2006
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