Borders Books June 2003 When Keith Schooley went to work for Merrill Lynch, he had high hopes for a successful career in finance. What he found instead shocked him. In this time of disturbing revelations about many well-known companies, Keith brings us a thrilling and disturbing real-life tale of one of the largest and best known Wall Street entities and the man who saw cheating and deception within its walls and dared to stand up against it. Don't miss this!
Foreword Magazine August 14, 2002 The créme de la créme of indie press offerings... Business - Merrill Lynch: The Cost Could Be Fatal by Keith Schooley....In the true spirit of David and Goliath, financial consultant Keith Schooley takes on his former employer in a stand to expose internal wrongdoing and cover-ups.
April 11, 2003 Enid author to sign book at Ada Sunday ["Merrill Lynch: The Cost Could Be Fatal"] is generating ripples nationally. Schooley has been featured in an author interview in the September/October 2002 issue of Bimonthly Review of Law Books; interviewed by the Chicago Tribune; and invited to appear on radio shows. Schooley's book exposes a litany of wrongdoing, including a widespread cheating scandal that was twice covered up by senior management of the largest firm on Wall Street. It recounts the author's almost 10-year war with the firm in an effort to establish truth and justice. The book shows how the "powerful and mighty" play the game inside and outside a court of law. Schooley says he is well aware of the risks of taking on the giant corporation, a point driven home when Lloyd's of London declined a request to insure his book. Stephen Jones, the famed Oklahoma lawyer [...]
Oklahoma Gazette May 29, 2003 Court of public opinion Fired financial superstar exposes questionable practices at Merrill Lynch. He says he is still paying the price and hopes his book will be his vindication. By Brian Brus Keith Schooley felt he had found the successful career for which he was destined. The Oklahoma native had just taken a job with one of the largest securities firms on Wall Street and was gaining recognition for turning healthy profits for his clients and the company's Enid office. And then he wrote a detailed memo to his managers in New York about problems he saw in the business - potentially illegal or unethical practices - and his life took a dive. "I was on the fast track at Merrill Lynch. I was a superstar rookie financial consultant....And I turned a blind eye for a while, but it finally got to the point where enough was [...]
The Norman Transcript April 27, 2003 Author fires back at ex-employer By Transcript Staff During a stint of employment with Merrill Lynch, author Keith Schooley was at the least disappointed at the practices he saw. In his book, "Merrill Lynch: The Cost Could Be Fatal - My War Against Wall Street's Giant," the Enid resident chronicles his battles with Wall Street's largest firm. The events led the financial consultant to a courtroom battle with the company and eventually to presenting his case in "the court of public opinion" with his book. ...Schooley filed his first complaints with the company while an employee there in 1992. He was terminated from his position during investigations into the complaints and brought a wrongful termination lawsuit against the company. "Unfortunately, I was denied a jury trial," he said...."The case went to arbitration by the New York Stock Exchange, a process that I believe Merrill Lynch, because [...]
The Sunday Ardmoreite April 13, 2003 Author speaks on corporate culture of 'unethical behavior' By Leah J. Simmons In the mode of WorldCom's Cynthia Cooper, Enron's Sherron Watkins and Coleen Rowley of the FBI, former Merrill Lynch employee Keith Schooley has put his lips together to blow the whistle on what he terms the "corporate culture of unethical behavior" in one of Wall Street's giants. ...Schooley['s]...book, "Merrill Lynch: The Cost Could Be Fatal,"...outlines "lying, cheating and cover-ups" he witnessed during his 15 months of employment as a Merrill Lynch broker in Enid. Schooley moved from Oklahoma City to Enid in 1991 to work in the Enid Merrill Lynch office in what he assumed would be a "career change and a new opportunity." What it led to was 10 years of court battles against the company he accuses of a series of wrongdoings. "Basically, I was certainly under the impression that Merrill Lynch [...]
The InfoJustice Journal (Editor) September 2002 I have read your book with a great deal of interest and agree you cannot trust Merrill Lynch advice....Perhaps my readers will purchase your very interesting book.
Barnes & Noble Booksellers March/April 2003 Keith Schooley['s]...highly-controversial book, Merrill Lynch: The Cost Could Be Fatal...has earned its author a great deal of interest. ...His book takes an investigative look at one of America's largest financial institutions.
Orlando Sentinel August 18, 2002 But Keith Schooley's 13-year marriage didn't survive his whistleblowing activities at Merrill Lynch in 1992. Schooley, a financial consultant on the fast track at the Enid, Okla., office, was fired after he took allegations of cheating and fraud all the way to the board of directors. He recently published a book about his ordeal, Merrill Lynch: The Cost Could Be Fatal. "I ended up going through a divorce in 1994. You can't blame others for it. Nevertheless, I have no doubt if Merrill Lynch hadn't taken place, the marriage and family would be intact today," said Schooley, who is independently employed in the oil and gas business. Schooley said he couldn't stand by and watch unethical behavior. He played it by the book. "The only thing I made the mistake on was trusting the company to take the appropriate action," he said.
Tulsa World February 16, 2003 Schooley's book details a list of wrongdoing, including a cheating scandal he says was twice covered up by senior management of the largest firm on Wall Street. He recounts his 10-year war with the firm to establish truth and justice. He shows how the powerful and mighty play the game inside and outside a court of law.
