46sec snip

Cautionary Tales with Tim Harford cover image

The Fraudster's Guide to Magic Money

Cautionary Tales with Tim Harford

ANECDOTE

Sam Israel III's Early Career

  • Sam Israel III, from a wealthy New Orleans commodity trading family, was determined to make his own mark.
  • He dropped out of college in 1978 to work for a prominent Wall Street trader.
  • His tasks ranged from mundane errands like getting pizza to clandestine meetings involving coded phrases with a Swiss man at the Pierre Hotel.
  • The Swiss man would give Sam a satchel filled with something undisclosed.
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