The Embezzler Author:Louis Auchincloss Like Francis Prescott in The Rector of Justin, Guy Prime enjoyed the distinction of having become a legend in his lifetime. But in Guy's case, the legend is one of betrayal and infamy. For the scandal of his embezzlement brought down the delicately balanced structure of the Stock Exchange. The long-honored system of self-government by mutual... more » trust among gentlemen came to an end with the default of one of its brightest stars. The story of Guy's fall is told by the three persons most intimately Guy himself, Rex Geer, his closest friend, and Angelica, his wife. We see him first through his own eyes — embittered, oddly proud of his peculiar distinction, and entirely unrepentant — the golden boy, the Wall Street manipulator, and finally the old man determined to justify himself to the grandchildren he will never see. Rex and Angelica in turn pick up the same threads of the story, but the threads change color subtly as they pass through different hands. In the end, the reader must decide for himself which is the real Guy Prime.
The Embezzler, first written in 1966, uses conflicting narrative voices and viewpoints to illuminate the fabled dimensions of American economic history as it was then understood. Inspired by the documented facts of the Wall Street fraud case that led the United States government to take control of the American stock market, Auchincloss then describes the case and its main players with credibility and skill, reinventing the facts of this historical event with skill. Given the financial crisis of 2008, and similar fraudulent schemes that have been exposed since, this is must reading.« less