An excerpt from Chapter 1

I had called the story “The King of Con Artists.” At least that was my headline. I typed it up top but was pretty sure it would get changed because it would be overstepping my bounds as a reporter to turn in a story with a headline. The headlines and the decks below them were the purview of the editor and I could already hear Myron Levin chiding, “Does the editor rewrite your ledes or call up the subjects of your pieces to ask additional questions? No, he doesn’t. He stays in his lane and that means you need to stay in yours.”

Since Myron was that editor, it would be hard to come back with any sort of defense. But I sent in the story with the suggested headline anyway because it was perfect. The story was about the dark netherworld of the debt-collection business—600 million dollars a year of it siphoned off in scams—and the rule at FairWarning was to bring every fraud down to a face, either the predator’s or the prey’s, the victim’s or the victimizer’s. And this time it was the predator. Arthur Hathaway, the King of Con Artists, was the best of the best. At sixty-two years old, he had worked every con imaginable in a life of crime centered in Los Angeles, from selling fake gold bars to setting up phony disaster-relief websites. Right now, he ran a racket convincing people they owed money that they didn’t really owe, and getting them to pay it. And he was so good at it that junior swindlers were paying him for lessons on Mondays and Wednesdays at a defunct acting studio in Van Nuys. I had infiltrated as one of his students and learned all I could. Now it was time to write the story and use Arthur to expose an industry that bilked millions each year from everybody from little old ladies with dwindling bank accounts to young professionals already deep in the red with college loans. They all fell victim and sent their money because Arthur Hathaway convinced them to send it. And now he was teaching eleven future con men and one undercover reporter how to do it for fifty bucks a head twice a week. The swindler school itself might be his greatest con of all. The guy was truly a king with a psychopath’s complete lack of guilt. I also had reporting in the story on the victims whose bank accounts he had cleaned out and whose lives he had ruined.

Myron had already placed the story as a co-project with the Los Angeles Times, and that guaranteed it would be seen and the Los Angeles Police Department would have to take notice. King Arthur’s reign would soon be over and his round table of junior con men would be rounded up as well.

I read the story a final time and sent it to Myron, copying William Marchand, the attorney who reviewed all FairWarning stories pro bono. We didn’t put anything up on the website that was not legally bulletproof. FairWarning was a five-person operation if you counted the reporter in Washington, DC, who worked out of her home. One “wrong story” spawning a winning lawsuit or forced settlement would put us out of business, and then I’d be what I had been at least twice before in my career: a reporter with no place to go.

I got up from my cubby to tell Myron the story was finally in, but he was in his own cubicle talking on the phone, and I could tell as I approached that he was on a fundraising call. Myron was founder, editor, reporter, and chief fundraiser for FairWarning. It was an Internet news site with no paywall. There was a donate button at the bottom page of every story and sometimes at the top, but Myron was always looking for the great white whale that would sponsor us and turn us from beggars into choosers—at least for a while.

“There really is no entity doing what we’re doing—tough watchdog journalism for the consumer,” Myron told each prospective donor. “If you check out our site you’ll see many stories in the archives that take on powerful kingpin industries including auto, pharmaceutical, and wireless companies. And with the current administration’s philosophy of deregulation and limiting oversight, there is nobody out there looking out for the little guy. Look, I get it, there are donations you could make that might give you a more visible bang for your buck. Twenty-five dollars a month keeps a kid fed and clothed in Appalachia. I get that. It makes you feel good. But you donate to FairWarning, and what you are supporting is a team of reporters dedicated to—”

I heard “the pitch” several times a day, day in and day out. I also attended the Sunday salons where Myron and board members spoke to potential white-hat donors, and I mingled with them afterward, mentioning the stories I was working on. I had some extra cachet at these gatherings as the author of two bestselling books, though it was never mentioned that it had been more than ten years since I had published anything. I knew the pitch was important and vital to my own paycheck—not that I was getting anywhere close to a living wage for Los Angeles—but I had heard it so many times in my four years at FairWarning that I could recite it in my sleep. Backward.

Myron stopped to listen to his potential investor and muted the phone before looking up at me.

“You in?” he asked.

“Just sent it,” I said. “Also to Bill.”

“Okay, I’ll read it tonight and we can talk tomorrow if I have anything.”