Saturday, February 12, 2022

My Amazon Review of Jay Newman's "Undermoney: A Novel"

 

Rogue Traders

 

Retired hedge fund impresario Jay Newman has written his first novel about a rogue military-backed operation to elect a U.S. Senator as president. Newman is famous for his being the point person for the giant Elliot Management hedge fund’s successful effort to reap billions of dollars profits on Argentina’s defaulted debt. His background in hedge fund operations and international finance allows him to tell a story of corruption in the highest places of finance and politics domestically and internationally.

 

His story evolves a group of special forces operatives in Afghanistan who make a pact to save America from its incompetent leadership. One of their members has become a sitting senator and he becomes their vehicle to become president. Of course, that needs money, and we find them stealing two billion dollars in currency that was air dropped into the Syrian desert to support America’s allies in the region.

 

However, that money had to be laundered and the vehicles they chose was a hedge fund in New York that they plotted to seize control of and a corrupt central banker in Latvia who also happens to launder Russian money as well. The hedge fund is run by the sociopathic Elias Vicker who makes his money by investing in low probability – high impact events based on inside information.

 

Newman’s plot takes us to the Russian-backed Parsifal Group whose business is to create events that would have a huge market impact. As a result, the hedge fund has advanced knowledge of an explosion here, an air disaster there, and a 9/11 styled event. Parsifal profits from its investment in the hedge fund.

 

Along the way we meet the New York hedge fund glitterati, nymphomaniac Russian ballerinas with many of the leading characters found in compromising positions. As an aside Newman mentions how Saudi Arabia’s MBS obtained compromising pictures of Amazon’s Jeff Bezos and how Russian intelligence operatives have infiltrated the highest reaches of American politics, journalism, and finance. How much of this it true along with the Latvian Central Bank acting as a laundromat for the Russian oligarchy, I do not know.

 

At times I found Newman’s plot choppy, but this book represents a very strong first effort.


Fpr the full Amazon URL see: Rogue Traders (amazon.com)

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