Mark Dowell wasn’t just your run-of-the-mill snake oil salesman either. He was a driven and talented trader whose star shone early in his career. From a young age, Mark Dowell was determined to rise above the middle-class existence provided for him on Main Line Suburbs of Philadelphia.
He worked uncommonly hard, obtained an economics degree from the Wharton School at the University of Pennsylvania, and entered the workforce as a junior trader at Gunnar and Associates. He rose quickly in the boutique investment bank, running his own trading group by the age of 28. He would eventually amass a mini-fortune, which he used to start World Capital Advisors.
For even the best of traders, however, the sheer size and consistency of the returns generated by SAC seemed impossible. Markie Dowell wasn’t just a passive trader who had gotten lucky for a few years; he was an active trader who placed large bets on big-news events. Dowell's edge was to “get as much information as possible… to make money either on the upside or the down side depending on how a company’s earnings come out.”
He was impressed with us..
"Nice to be defended by two people who attended my alma mater..You guys went to Penn Law huh?"he said..
''Nice and landed a job at a firm like McCluskey huh? Good for you..." he said..
"Yupper...Graduated three years before you two...Top of my class.." said Mark Dowell, proudly...
As we waited for the courtroom to open, we saw our investigator, Jade Lee..
It wasn't eight o'clock yet.. It was Wednesday....
Bee Bee did stay with me, Monday, Tuesday and tonight would be her last night..After we met with our client..We stayed up studying and going over the charges...Jade was with us...After I walked her home..
Bee Bee and I were so tired, We kissed each other a little and went to sleep...We promised each other we were going to make love before the week was over..
The next day we were in the office with Jade Lee, our investigator...
This afternoon I'll be in court with Sofia and Khalil.." she said.
..I take it' she's first chair?" said Bee Bee..
It's one of his countrymen.." said Jade with a sexy smile..
She graduated from Temple with me and she attended Penn Law too...She also works at Mcclusky, Cozen and Associates." said Bee Bee..
"You two are inseperable...Next thing you'll be telling me, that you two live together.." he said and smiled..
Like I said, Our client, Mark Dowell had an edge...This "edge" apparently caught the attention of the U.S. Attorney here in Philadelphia, . In the past three years, WAC’s two biggest funds combined for an average net return of almost 29% per year, compared to less than eight percent for the broader stock market. In one year, gains reached as high as 73% while the S&P 500 was down 12%. The government issued an “extraordinarily broad” subpoena to learn more.
It turns out there were plenty of nefarious activities taking place. Damaging information was surfacing everywhere, and this ultimately led to WAC’s quick and decisive downfall.
In February 2017, two former employees were charged with insider trading. U.S. prosecutors charged WAC portfolio managers Noah Young and Donald Long with insider trading. A WAC analyst pled guilty of insider trading a few weeks later. In December 2017, a grand jury indicted former WAC portfolio manager Mathew Montana, in what prosecutors called the “most lucrative” insider trading scandal ever. Another top executive, Michael Steiner, was charged with insider trading in shares of computer maker Dell Inc. (NASDAQ:DELL), which netted about $1.4 million in ill-gotten gains..
It was a mess...and I felt like I was in over my head...Thus the all night study sessions...
I could see why they called in Todd Dellums, He was smooth, articulate and knew how to work a jury pool..These were just preliminaries..
Watching these two go up against each other was interesting...
He was just like her...Fearless, Cocky, Self Confident to a fault...and a bit arrogant...They were so alike I could see without asking , how and why their relationship failed..
Mark Dowell looked at me and said..
"Your girlfriend is good...She's doing a number on him...Don't get me wrong...You got some good points across, but she is killing him...Look how frustrated he is.." he said.
At a tony coffee shop in town, Yvette and Gary sat with Sofia, Khalil and Jade..
Just then , ADA Rockland Cambridge walked into the coffee shop...
Sofia, Khalil, Jade and Gary... He knew Sofia and Khalil were two of the young Attorneys that Yvette supervised...He did not know who Jade was and was shocked to see his investigator Gary having coffee with them..Especially seated next to Yvette...
My girlfriend went to New York on a Day trip with Olivia and Beverly and their uh para-legal...So I haven't got much to do.." he said..
Another round of coffee's came..
"So....Yvette, Dating anybody yet?" he asked..
''Wow, what a day.." I said.
''Alright Yvette..I'll leave you to your playmates here...But don't work so hard...Get out, Do some dating..You'll feel better."said Rockland..
"As a matter of fact...I did.."he said..and glared at me.....
"How about that?" I said...
(TO BE CONTINUED)