NEW YORK, April 4 /CNW/ -- Keith Schooley, a former star financial
consultant with Merrill Lynch, has signed a contract with a major publishing
house for the translation and international distribution of his groundbreaking
book Merrill Lynch: The Cost Could Be Fatal -- My War Against Wall Street's
Giant (2002, Lakepointe Publishing). This expose of corruption and conspiracy
on Wall Street strikes at America's very foundation.
According to the author, publication details will not be announced prior
to distribution, due to past coercion by the brokerage house whose unethical
practices were exposed by Schooley in a book that set the stage for Merrill
Lynch's downfall from grace. His manuscript, too explosive for even Lloyd's
of London, provides a detailed account of his struggle to expose internal
misconduct and cover-ups at the firm.
Although Schooley's relentless courtroom battles have not yet rewarded
him with justice, a subsequent inquiry pursued by former New York State
Attorney General Eliot Spitzer (now NY Governor) revealed Merrill Lynch
analysts had intentionally deceived clients and that the number of investors
hurt by their deception could range in the hundreds of thousands if not
millions. The upshot of Spitzer's probe ranked Merrill Lynch on Russell
Mokhiber's (Corporate Crime Reporter) The 10 Worst Corporations of 2003.
While Merrill Lynch agreed to enact a series of industry reforms, pay out
fines ranging in the hundreds of millions of dollars and settle dozens of
class action lawsuits, as late as January 2007 company employees were still
being convicted of fraud.
Schooley believes that the corporate boards of directors involved in
virtually all other major scandals of recent years have plausible deniability,
but not so at Merrill Lynch. In fact, after two senior management cover-ups,
Schooley brought the widespread wrongdoing directly to the attention of the
firm's directors and affirms that had the board heeded his warnings, perhaps
many of Merrill Lynch's clients would not have been duped in the numerous
scandals which followed.
Today, Schooley's uncompromising volume can be found in university
libraries across the United States including at Princeton, the University of
Chicago, the University of California at Berkeley, and in law libraries
nationwide. Additionally, Schooley has been profiled in Bimonthly Review of
Law Books as well as in Ethikos and Corporate Conduct Quarterly and in
numerous other publications.
For further information contact: http://www.TheCostCouldBeFatal.com.
For further information:
For further information: Keith Schooley, +1-580-242-3030, or
firstname.lastname@example.org Web Site: http://www.thecostcouldbefatal.com