Remember the story about the Wall Street guy who rented out all 94 rooms of an Aspen hotel for three days for his daughter's Bat Mitzvah? The main character in that tale was an individual named Jeffrey Verschleiser, a former Bear Stearns executive who was instrumental in helping blow up that venerable firm. Verschleiser among other things was reportedly involved with an elaborate Wall Street version of a merchandise return scam, only instead of taking the proceeds from returned TVs and stereos, his unit was pocketing the cash from crap mortgages sold back to banks on behalf of investors. Verschleiser also made a ... (full story)