News Releases

News Releases 2018-08-01T15:58:38+00:00

Keith Schooley: Wells Fargo Scandal is Déjà Vu

ENID, Okla., Oct. 5, 2016 Former Merrill Lynch star broker Keith Schooley isn't shocked at all by the antics happening over at big bank Wells Fargo. In fact, he says, "It's déjà vu all over again." A new screenplay based on Schooley's days at Merrill in '91-'92 is now circulating in Hollywood. The screenplay written by two Hollywood pros dramatically captures Schooley's experiences as told in his book Merrill Lynch: The Cost Could Be Fatal - My War Against Wall [...]

Greed Index: Screen Adaptation of Merrill Lynch Expose′ Gets Boost From More Bad Behavior

ENID, OKLAHOMA, Sept. 17, 2014 The screenplay based on the true story Merrill Lynch: The Cost Could Be Fatal—My War Against Wall Street's Giant, by Keith Schooley, is gaining attention from potential backers due to the recent surge of lawsuits and settlements against the firm that today is no more than a unit of Bank of America. Greed Index, written by acclaimed investigative reporter Chandra Niles Folsom, recounts the lead up to the collapse of Merrill Lynch as told by [...]

Wall Street Screenplay Reveals Expose’ Book May Have Played Role in Merrill Lynch Demise

NEW YORK, NY, Sept. 17, 2012 A recent review in Futures Magazine of the screenplay Robber Barons of the Big Board, suggests that a former Merrill Lynch stockbroker may have played a key role in bringing "this titan of Wall Street to its knees and into the unwilling arms of Bank of America." The script, currently being pitched to the film industry, could be the next chapter in revealing Wall Street's egregious role in tanking the U.S. economy by knowingly [...]

Robber Barons of the Big Board – New Screenplay Based on Keith Schooley Book Reveals Root Causes of Merrill Lynch Downfall

ENID, Okla., Nov. 8, 2011 A new feature screenplay based on the Keith Schooley classic, Merrill Lynch: The Cost Could Be Fatal - My War Against Wall Street's Giant, is being pitched to Hollywood in tandem with the Occupy Wall Street movement. Robber Barons of the Big Board, written by acclaimed investigative reporter Chandra Niles Folsom, reveals what happens when an idealistic rookie stockbroker notices unlawful business practices at America's most trusted financial firm and turns whistleblower. Alternating between small [...]

Wall Street “World Classic” Corruption Book Hits Bookstores in China—Next Stop Silver Screen.

ENID, Okla., March 16, 2010 Keith Schooley, a former star financial consultant with Merrill Lynch who exposed widespread corruption at the firm prior to its collapse and acquisition by Bank of America, has been added to a prestigious publishing list in China. Shanghai University of Finance and Economics Press (SUFEP) (www.sufep.com), with annual sales of more than 90 million RMB, has just completed translation of Schooley's groundbreaking book Merrill Lynch: The Cost Could Be Fatal – My War Against Wall [...]

Merrill Lynch Cancer Spreads to Bank of America, Says Merrill Author

ENID, Okla., January 27, 2009 Keith Schooley, author of Merrill Lynch: The Cost Could Be Fatal – My War Against Wall Street's Giant, says that Bank of America chief Ken Lewis could have benefited from reading his book before committing to purchasing the failed Merrill Lynch. "Had he done that he would have discovered the inherent duplicity in Merrill Lynch, ranging from brokers to senior management and the board of directors," says Schooley, who first blew the whistle on corruption [...]

Bank of America Acquires Culture of Corruption in Merrill Lynch Purchase

ENID, Okla., October 21, 2008 Keith Schooley, a former star financial consultant with Merrill Lynch, warns Bank of America CEO Kenneth Lewis that he may soon experience buyer's remorse over his acquisition of Wall Street's fallen idol. "I spoke out publicly last November in response to Merrill Lynch's involvement in the nation's sub-prime mortgage crisis and predicted, when no others did, that the firm was on the verge of almost certain collapse," says Schooley, whose pioneering 2002 book Merrill Lynch: [...]

Former Merrill Star Player Warns of Company Collapse

ENID, OKLAHOMA, November 8th, 2007 Keith Schooley, author of the critically-acclaimed book Merrill Lynch: The Cost Could Be Fatal - My War Against Wall Street's Giant (Lakepointe Publishing) and former star financial consultant with the brokerage firm, warns that corrupt conditions, similar to those created by Enron's top management, are now emerging at Merrill Lynch. Last week, shares of Merrill Lynch plunged 11.4% to $55.10 upon reports that the firm had suffered one of the largest Wall Street losses in [...]

Wall Street Corruption Book Slated For International Distribution

New York, 04/04/07 Keith Schooley, a former star financial consultant with Merrill Lynch, has signed a contract with a major publishing house for the translation and international distribution of his groundbreaking book Merrill Lynch: The Cost Could Be Fatal – My War Against Wall Street's Giant (2002, Lakepointe Publishing). This expose′ of corruption and conspiracy on Wall Street strikes at America's very foundation. According to the author, publication details will not be announced prior to distribution, due to past coercion [...]

Merrill Lynch’s Silence is Tantamount to Admission of ‘Guilt’

ENID, Okla., 06/10/03 The one-year statute of limitations for a defamation action by Merrill Lynch against author, Keith Schooley, has run. In his book, Merrill Lynch: The Cost Could Be Fatal–My War Against Wall Street's Giant (2002, Lakepointe Publishing, 282 pp.), Schooley alleges wrongdoing at Merrill Lynch ranging from brokers to senior management, including two cover-ups of a widespread cheating scandal. He also alleges that the firm employed deceptive practices during a judicial proceeding; made misrepresentations to regulators; and has [...]

Merrill Lynch Has Failed to Answer Allegations. Time is Running Out.

ENID, Okla., 05/14/03 Lloyd's of London would not insure it for media perils exposure. Famed Oklahoma attorney, Stephen Jones, has called it dangerous because it "names names, takes no prisoners, and is explosive." And a publicized booksigning event was recently cancelled at a bookstore in Tulsa because of pressure brought to bear by Merrill Lynch employees. Keith Schooley's controversial book, Merrill Lynch: The Cost Could Be Fatal - My War Against Wall Street's Giant (2002, Lakepointe Publishing) is at the [...]

Bookstore Signing Cancelled under Pressure from Merrill Lynch

TULSA, Okla., 03/05/03 A well-known Tulsa bookstore called off a scheduled book-signing by whistle-blowing author Keith Schooley, as a result of pressure from the company whose practices were exposed by Schooley, Merrill Lynch. Schooley's book, Merrill Lynch: The Cost Could Be Fatal (2002, Lakepointe Publishing) charges the Wall Street giant with a corrupt corporate culture that stretches back more than a decade, when he worked for the firm as a financial consultant. Today, Schooley revealed that a book-signing, scheduled in [...]

Merrill Lynch Executives and Directors Need to Go Says Whistle-Blowing Former Employee

ENID, OKLAHOMA, 10/07/02 A former employee of Merrill Lynch says a major shake-up of the company is needed if it is to avoid losing the confidence of shareholders and clients. Keith Schooley, author of a new book that blows the whistle on what he calls an unethical corporate culture within Merrill Lynch, notes that the company has been accused of improprieties in several recent financial scandals, including one last May that ended in a $100 million settlement with New York [...]

Former Employee Alleges Merrill Lynch Misdeeds

ENID, OKLAHOMA, 05/14/02 A former employee of Merrill Lynch, Keith Schooley, said today he is not surprised by recent allegations of conflicts of interest in the company's advice to investors. According to Schooley, the company had a business climate that led to dishonest practices at least as long as ten years ago. Schooley's forthcoming book, Merrill Lynch: The Cost Could be Fatal (Lakepointe Publishing, 282 pp. hardcover, $27.95) exposes wrongdoing - including cheating and cover-ups - involving the company that [...]

Wall Street Facade Revealed

ENID, OKLAHOMA, 05/10/02 When financial consultant Keith Schooley took a job with one of the largest, most respected securities firms on Wall Street, he had high hopes for a successful career. He was proud to work for a company of such high integrity as Merrill Lynch. It didn't take long, however, for Schooley to realize Merrill Lynch's well-cultivated reputation was not based on what went on behind the facade. Merrill Lynch: The Cost Could Be Fatal—My War Against Wall Street's [...]