Download e-book for kindle: Bad Paper: Chasing Debt from Wall Street to the Underworld by Jake Halpern

By Jake Halpern

ISBN-10: 0374711240

ISBN-13: 9780374711245

The Federal alternate fee gets extra court cases approximately rogue debt amassing than approximately any job along with id robbery. Dramatically and entertainingly, undesirable Paper finds why. It tells the tale of Aaron Siegel, a former banking government, and Brandon Wilson, a former armed robber, who develop into companions and pass in the hunt for "paper"—the uncollected bills which are bought off by way of banks for pennies at the greenback. As Aaron and Brandon examine, the realm of shopper debt assortment is an unregulated shadowland the place operators frequently make unwarranted threats or even gather accounts that aren't theirs.
Introducing an unforgettable solid of strivers and rogues, Jake Halpern chronicles their lives as they deal with high-pressure name facilities, hunt for paper in Las Vegas casinos, and meet in parked vehicles to promote the social defense numbers and account details of unsuspecting shoppers. He additionally tracks a "package" of debt that's stolen via unscrupulous creditors, resulting in a dramatic showdown with weapons in a Buffalo nook shop. alongside the best way, he unearths the human rate of a process that compounds the worries of hardworking americans and allows banks to disregard their former buyers. the result's an important exposé that also is a bravura feat of storytelling.

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Extra info for Bad Paper: Chasing Debt from Wall Street to the Underworld

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The lads normally only use them as a last resort, or if they’re doing a graft,’ he said. A graft is street slang for an illegal means of earning money. ’ He went on to boast of numerous encounters in which he had beaten, bludgeoned, slashed and stabbed his enemies. HX2 were clearly the gang’s main rivals. From what I could gather, the feud had reached fever pitch after a man from Elland was attacked by several HX2 members at a Halifax nightclub. That night, twenty HX2 members travelled to Elland to finish what they had started.

Khan was now a wanted man, with the UTC on his tail. Luckily for him, he was in the safest place possible: locked away in a holding cell. He was taken in for questioning over a motoring offence and was being quizzed by the local police just as the gang were deploying to look for him. Try as they might, the UTC could not get their hands on him. However, there is an unsavoury convention amongst some hard-core criminals that if a wanted man is difficult to locate, then it is fair game to go after one of his family instead.

He was transferred to a category A prison, where he is due to remain until he is in his fifties. Less than a week after Ramsey was convicted, there were reports that another S3 member had been subjected to repeated attacks inside Doncaster prison. He was hit with a chair leg, threatened with a razor blade and scalded with boiling water. Ishmael Thompson was only eighteen and a low-ranking member of the gang. He was a ‘joey’, an odd job man, used to mind guns for older members of the firm. He could hardly be classed as an active gang member.

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Bad Paper: Chasing Debt from Wall Street to the Underworld by Jake Halpern

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