Wall Street Crime And Punishment: Philip Musica, The Swindler Who Could Have Been President
Share: Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed takes them in the wrong direction. In December 1935, F. Donald Coster sat amid the splendor of a luxury Manhattan hotel suite, surrounded by the leaders of the Republican Party. His Washington-connected hosts were eager to evict Franklin D. Roosevelt from the White House and assumed that a prominent and successful business executive like Coster would stand in stark contrast to the borderline-socialist Ne...