Author | Mark Coakley |
---|---|
Language | English |
Genre | True crime |
Publisher | ECW Press |
Publication date | April 2011 |
Publication place | Canada |
Pages | 381 pp. |
ISBN | 978-1-55022-986-8 |
OCLC | 676725216 |
Tip and Trade is a 2011 true crime book by Canadian author Mark Coakley, that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum who had worked at Sullivan & Cromwell and was working at Dorsey & Whitney, and a former lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span. The crime was detected in 2008. Cornblum committed suicide by jumping from a bridge as he was under investigation and shortly before he was to be arrested but before criminal charges were laid against him, one day before his alleged co-conspirator Grmovsek pled guilty. [1] [2] [3] Grmovsek pleaded guilty and was sentenced to 39 months in prison; [4] this was the longest term ever imposed for insider trading in Canada. [5]
Canada's national newspaper, The Globe and Mail, called Tip and Trade "riveting." [6] A review by Quill & Quire was negative, stating that "the reader gets the impression that Coakley himself barely cares about his subject." [7] Canadian Lawyer called it "compelling," [8] and the Winnipeg Free Press called it "a helluva tale, if uneven in spots." [9]
Author | Mark Coakley |
---|---|
Language | English |
Genre | True crime |
Publisher | ECW Press |
Publication date | April 2011 |
Publication place | Canada |
Pages | 381 pp. |
ISBN | 978-1-55022-986-8 |
OCLC | 676725216 |
Tip and Trade is a 2011 true crime book by Canadian author Mark Coakley, that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum who had worked at Sullivan & Cromwell and was working at Dorsey & Whitney, and a former lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span. The crime was detected in 2008. Cornblum committed suicide by jumping from a bridge as he was under investigation and shortly before he was to be arrested but before criminal charges were laid against him, one day before his alleged co-conspirator Grmovsek pled guilty. [1] [2] [3] Grmovsek pleaded guilty and was sentenced to 39 months in prison; [4] this was the longest term ever imposed for insider trading in Canada. [5]
Canada's national newspaper, The Globe and Mail, called Tip and Trade "riveting." [6] A review by Quill & Quire was negative, stating that "the reader gets the impression that Coakley himself barely cares about his subject." [7] Canadian Lawyer called it "compelling," [8] and the Winnipeg Free Press called it "a helluva tale, if uneven in spots." [9]