He invented a nonexistent proposition that he called “Project Star” and he used the money to gamble the millions on the stock market, becoming one of Wall Street’s high-rollers.
Using forged documents and fake corporate seals, he persuaded banks to loan him $350 million. The crime he had committed was outlandish. Drove to Queens to turn in the ankle monitor he had been wearing. On a brisk day in November 1998, a doughy balding Brooklyn computer salesman was supposed to report to prison to begin serving a 17-year sentence.