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

By Jake Halpern

The Federal exchange fee gets extra court cases approximately rogue debt accumulating than approximately any task along with id robbery. Dramatically and entertainingly, undesirable Paper finds why. It tells the tale of Aaron Siegel, a former banking govt, and Brandon Wilson, a former armed robber, who turn into companions and cross in the hunt for "paper"—the uncollected money owed which are offered off by means of banks for pennies at the greenback. As Aaron and Brandon research, the area of purchaser debt assortment is an unregulated shadowland the place operators frequently make unwarranted threats or even gather accounts that aren't theirs.
Introducing an unforgettable forged 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 safety numbers and account info 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 way in which, he finds the human rate of a method that compounds the worries of hardworking american citizens and allows banks to disregard their former buyers. the result's an essential 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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So let’s just see what happens . . Q With all of these thoughts streaming through my mind, I got up the next morning, Saturday, December 1, 2001, just after six. The high school swim team had a regular workout scheduled for seven. c03 30 3/24/06 9:06 AM Page 30 DEFENDING GARY sun was just coming up, I put my Coach Prothero hat back on, and Sean and I drove to the pool. Our boys’ team had only a week or so to go before their first meet, so this was no time to let down, even if I hadn’t had much sleep.

So she knows I’ll want to do my very best work. And she knows I’ll throw myself into it. She’ll see. I’ll show her. I can do both. I can be a good husband, and a good dad, while handling this case. Besides, we probably won’t get to keep the case anyway. Gary said his family would probably hire a private attorney. Once that happens, we’ll be out. . So let’s just see what happens . . Q With all of these thoughts streaming through my mind, I got up the next morning, Saturday, December 1, 2001, just after six.

No. I’m not. This is exactly what my training and experience has led me to. There’s a reason this came my way. I’ve had great luck at ACA and this is why—to get ready for this huge case! It’s a beast, but I want it. It’s my challenge, it’s what I do. And Kelly knows this. She’ll be with me on this, I told myself. She’ll support me because she knows everything I do will be scrutinized. Three times. So she knows I’ll want to do my very best work. And she knows I’ll throw myself into it. She’ll see.

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