Is Mexico a Drug Cartel?

Jay spent 40 years in international finance, including at Elliot Management and Lehmans. His primary focus was on distressed EM sovereign debt. He was central to the historic 15-year fight to recover billions of dollars in defaulted Argentine debt. That campaign, which included the court-approved seizure of an Argentinian Navy ship in Ghana with 200 people aboard in 2012, reached a successful conclusion in 2016. The Wall Street Journal reported that the settlement was worth $2.4 billion, a gain of roughly 10 to 15 times the original investment. The Financial Times said the settlement ‘is seen as one of the greatest hedge fund trades’ in history. Jay has now switched to writing with his debut novel, about dark money and global politics, Undermoney. On this podcast we discussed how to sue a country, how countries like Russia evade sanctions, how illicit money is moved through central banks, and much more.