A Feature Screenplay by Chandra Niles Folsom […]
Bimonthly Review of Law Books September/October 2004 Corporate & Wall Street Ethics By Michael L. Rustad Thomas F. Lambert Jr. Professor of Law Suffolk University Law School. This book is a profile in courage, describing in moving detail the saga of a private attorney general who suffered great personal costs while serving the public interest by uncovering corporate wrongdoing. Keith Schooley's well-written book is an odyssey of his struggles with Merrill Lynch management that took him on a journey through [...]
Shanghai University of Finance & Economics Press January 2010 Against the background of a weak oil industry, the author, Keith Schooley, turned to the financial industry to work for Merrill Lynch. As a fledgling financial consultant, he did well and had high hopes for a successful career. 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. With a sense of hesitation and disappointment, Schooley, in the [...]
Westport Author Shops 'Greed Index' Screenplay As Merrill Lynch Story Grows WESTPORT, Conn. -- A screenplay written by a Westport investigative reporter about the true story of corruption at Merrill Lynch is gaining interest among backers for a movie as the number of lawsuits and settlements grow against the Wall Street firm. "Greed Index," a screenplay by Chandra Niles Folsom, recounts the run up to the collapse of Merrill Lynch as told by Keith Schooley -- a former top-selling broker [...]
China Universal Asset Management Co., Ltd. January 2010 By Zhang Hui Investment Director Keith, a former financial consultant with Merrill Lynch and the hero of the book, had a decade-long courtroom battles with this powerhouse financial firm. Although the relentless battles didn't finally reward Keith with justice, they expose internal wrongdoing and cover-ups in Merrill Lynch, which strikes at potential problems with the financial industry in the US. Years later, in the financial turmoil caused by the subprime mortgage crisis, [...]
The Journal Record March 19, 2010 Corrupt Culture Book Gets Another Shot: Chinese Reprint Enid Author's Tome on Wall Street Corruption By Kirby Lee Davis Chinese publisher Shanghai University of Finance and Economics Press has reprinted a book on Wall Street corruption by Enid author Keith Schooley. ...His tome on the now-fallen brokerage proved one of six U.S. and European books translated and published as part of "The World Classics of Investment" series sponsored by China Universal Asset Management Co. [...]
Interview with Keith Schooley, author of: Merrill Lynch: The Cost Could Be Fatal. Enid, Oklahoma: Lakepointe Publishing, 2002. 282 p. ISBN 0-9716103-6-3 Professor Michael Rustad: Keith, you are a native of Oklahoma with an MBA from OSU and experience in the oil industry. Your book describes your struggles with Merrill Lynch, a highly regarded securities firm. Your book is an odyssey of your struggles with Merrill Lynch management that took you on a journey through nearly every regulatory agency, a [...]
Oklahoma Bar Journal August 16, 2003 Merrill Lynch: The Cost Could Be Fatal By James C. Lang This reviewer expresses no opinion as to the merits of the litigation by Mr. Schooley, which encompassed a period from approximately 1992 until 2000. In this book, Mr. Schooley initially addresses his life prior to July 1, 1991, at which time he became a financial consultant trainee with the Merrill Lynch office in Enid. Thereafter, he discusses his employment at Merrill Lynch and [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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.
Garfield County Daily Legal News August 9, 2002 Keith Schooley's new book, Merrill Lynch: The Cost Could Be Fatal, is his story about dashed expectations, ethical lapses, and disillusion. He became David to Merrill Lynch's Goliath. He tells the story in great detail, including the ebbing away of his optimistic expectations - then respect for his superiors and for the company as he did what he believed to be morally and ethically correct. He spent years opposing the company, in [...]
The Justice Journal February 2007 Police Need Citizen Involvement.. By Chandra Niles Folsom ..In 1991, former financial consultant Keith Schooley came forward to report internal misconduct and cover-ups at the brokerage house, Merrill Lynch. "I knew there was some risk involved but I honestly believed the propaganda espoused by senior management—that Merrill Lynch insists on the highest level of integrity," said Schooley, whose wrongful termination lawsuit went all the way to the Oklahoma Supreme Court. "After a period of time, [...]
Oklahoma Gazette March 20, 2003 ...One of CFN's favorite movies is 1999's "The Insider." How fitting that this interesting little tidbit of news would drift our way: a well-known Tulsa bookstore called off a scheduled book signing by whistleblowing author and Enid resident Keith Schooley, as a result, they said, of pressure from the company whose practices were exposed by Schooley, Merrill Lynch. Schooley's book, Merrill Lynch: The Cost Could Be Fatal, charges the Wall Street Giant with a corrupt [...]
Foreword Reviews August 15, 2002 Merrill Lynch: The Cost Could Be Fatal By Brian Gilmore Call this author a man with daring. An ex-stockbroker with legendary corporate giant, Merrill Lynch, Schooley took a bold chance in 1992. After witnessing questionable conduct by the management of the Merrill Lynch field office where he was employed in Enid, Oklahoma, Schooley contacted the corporate board of the company hoping they subscribed to the same level of morals and ethics. He "could have ignored [...]
Ethikos and Corporate Conduct Quarterly November/December 2002 Taking on "America's Broker" By Loren Singer Merrill Lynch: The Cost Could Be Fatal; by Keith Schooley; 282 pages, Index; Lakepointe Publishing, 2002 In our time it is possible to behead a corporation, as a number of executives have learned. Disregard of the rights of their own shareholders and employees, and of the general public as well brings forth demands not only for restitution, but retribution and in some cases a call for [...]
Registered Rep August 2002 A Little Light Reading By David Gaffen Merrill Lynch: The Cost Could Be Fatal, details Keith Schooley's career at an Oklahoma Merrill Lynch branch, a career that lasted one-seventh the time of his legal battle for a settlement. Schooley was fired after a year at the firm spanning 1991 and 1992, much of which seems given to reporting misdeeds--some large, some not--at the branch. His drawn-out arbitration battle failed, and with legal recourse exhausted, he wrote [...]
Business Times December 2002 When 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 in finance. 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....
Chicago Tribune August 18, 2002 Tell-tale Risks By T. Shawn Taylor ...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. Schooley said he couldn't stand by and watch unethical behavior. "The only thing I made the mistake on was trusting the company to take [...]
Enid News & Eagle December 9, 2002 What comes around...Allegations against firm appear prophetic By Scott Fitzgerald It's a classic case of David standing up to Goliath. Former Merrill Lynch financial consultant Keith Schooley of Enid, who worked at the now defunct Enid office from 1991-1992, continues to challenge one of the country's most prominent brokerage firms. ...Schooley said his story, told in the first person, is "an indictment of not only Merrill Lynch, but of securities regulations oversight, inherent [...]
Amazon Top 10 Reviewer (Robert Morris) ...Dante reserved the last (and worst) ring in hell for those who, in a moral crisis, preserve their neutrality. According to Schooley, there were many senior-level executives within the Merrill Lynch organization who did so as did officials at various regulatory agencies... ...I rate this book so highly because I think it raises a number of questions which must be addressed by senior-level corporate executives, especially now as other allegations are made by other [...]
Amazon Top 100 Reviewer (Linda Zarate) This is a chronicle of one man's attempt to do the right thing only to pay a high price in his personal and professional life. The book opens with a quote from Merrill Lynch's corporate counsel made when the author joined the firm, "[b]ut let integrity slip and take second place to revenue - then it will cost us more than dollars. The cost could be fatal." This sets the background in what was [...]
Amazon Top 10 Reviewer (Joanna Danemen) What happens if a stand-up kind of guy decides to follow the written code of ethics in his brokerage firm? Well, the result is as if you sent a cub scout to join a den of vipers. ...Schooley soon found out that his office co-workers and supervisors were playing a bit fast and loose with their own guidelines in order to pass exams and win contests. When Schooley notified Merrill Lynch of violations of [...]
...Most readers who work for large corporations will relate to the disparity of their company image as projected to the public versus the reality of what goes on inside. Some will even relate to the moral and ethical dilemmas the author faced, and this book will perhaps inspire some to go with their conscience and others to take the easier path. Regardless of the path chosen, the story is a real life examination of integrity and ethics and how they [...]