Banking on Fraud

<p>In analyzing the fraud-facilitated leveraged buyouts engineered by Michael Milken and the firm of Drexel Burnham Lambert, the author suggests that such buyouts have multiple and extensive consequences for the organization of business and the economy. Zey also demonstrates how ordinary bond trading networks were linked to the extraordinary networks of the Boesky Organizations and Employee Private Partnerships in order to defraud bond issuers and buyers.</p><p>This book debunks the myth of rational economic organization in the 1980s and establishes broad implications for theories of organizational deviance.</p> I: Doing Fraud and Its Consequences; 1: An Error and Its Chain Reaction; 2: Fraud Networks of Drexel; 3: Consequences of Fraud-Facilitated Leveraged Buyouts; II: Toward Understanding Fraud; 4: Structural Contradictions and the Failure of Corporate Control; 5: The Nature of Securities Transactions and Market Control; III: Toward Understanding Fraud as Structurally Embedded; 6: Economic Context; 7: Political-Legal Context; IV: Toward Theory; 8: Toward Theories of Economic Organizations and Organizational Crime; Central Actors