NETGALLEY BOOK REVIEW: Pirate Cove: An Insider’s Account of the Infamous Southport Lane Scandal by Richard D. Bailey

Audiobook Length: 7 hours and 13 minutes

Rating: 5 out of 5 stars

Genre: Nonfiction, True Crime, Business, Finance, White Collar Crime

Published Date: November 7, 2023

Read Start Date: January 25, 2024

Read Finish Date: January 27, 2024

Goodreads’ Synopsis: In Pirate Cove, Richard D. Bailey provides an insider’s chronicle of a white-collar crime whose headline-grabbing elements first appeared on the front pages of The Wall Street Journal. It’s the true, unvarnished, complete, previously untold, and fascinating story of how one honest man helped unravel the massive Southport Lane fraud perpetrated by the author’s former employer, 26-year-old, self-proclaimed financial prodigy Alexander Chatfield Burns. A really smart friend of the author once asked Burns how he got control of four state-regulated insurance companies. With a Cheshire cat grin, Burns cryptically responded, “Jesus with a telescope on Mars couldn’t figure out how I did this.” But the author eventually did. If (and when) Pirate Cove is made into a movie, it’ll stand right alongside such successful dramedies as American Hustle, Can You Ever Forgive Me, Bad Education, White Collar Crime, The Wolf of Wall Street, and Michael Clayton.

My Review: I received this audiobook from Netgalley in exchange for an honest review. I grew up in Westport, CT, and went to Staples High School. Alexander Chatfield Burns, a.k.a. “Lex Burns,” was in the Freshman class of 2001. Although I had already graduated by then, my younger sister remembers him as being “weird,” and that he always thought he was smarter than everyone else. My sister’s memories of him reflect the man described in Pirate Cove. I was simply fascinated by this story.

Richard D. Bailey is a Certified Fraud Examiner. For over 30 years, he has provided actionable and realistic financial, management, and corporate development services to distressed public and private manufacturing, service, and distribution companies. He is brought into Southport Lane by an old friend, and upon investigation, strange exchanges and discrepancies lead him to suspect fraudulent activities at the heart of Southport’s operations.

This book is Bailey’s first-hand account of what he discovered, the ensuing FBI investigation, and the ultimate downfall of Alexander Chatfield Burns and his partner Andrew Scherr.

I found this book captivating and didn’t want to stop listening to it. I probably would have listened to it straight through if I had not had other things to do (like care for my daughter). Pirate Cove is a gripping and well-written account of a real-life financial scandal. Bailey’s insider perspective and willingness to share his experiences make the book even more fascinating. I highly recommend it to anyone interested in true crime or in learning more about financial fraud.

Reviews Published
Professional Reader
10 Book Reviews

Disclosure of Material Connection: I received this book free from Netgalley. I was not required to write a positive review. The opinions I have expressed are my own. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.

Goodreads Monday: January 29, 2024

Goodreads Monday is hosted by Budget Tales Book Blog. “Goodreads Monday allows you to post about what books are on your “to read” lists, the progress you have made on your current books and reading challenge, and any other Goodreads news!”

Books I Finished In the Past 2 Weeks:

Outlive: The Science and Art of Longevity by Peter Attia

Wouldn’t you like to live longer? And better? In this operating manual for longevity, Dr. Peter Attia draws on the latest science to deliver innovative nutritional interventions, techniques for optimizing exercise and sleep, and tools for addressing emotional and mental health.

For all its successes, mainstream medicine has failed to make much progress against the diseases of aging that kill most people: heart disease, cancer, Alzheimer’s disease, and type 2 diabetes. Too often, it intervenes with treatments too late to help, prolonging lifespan at the expense of healthspan, or quality of life. Dr. Attia believes we must replace this outdated framework with a personalized, proactive strategy for longevity, one where we take action now, rather than waiting.

This is not “biohacking,” it’s science: a well-founded strategic and tactical approach to extending lifespan while also improving our physical, cognitive, and emotional health. Dr. Attia’s aim is less to tell you what to do and more to help you learn how to think about long-term health, in order to create the best plan for you as an individual. In Outlive, readers will discover:

• Why the cholesterol test at your annual physical doesn’t tell you enough about your actual risk of dying from a heart attack.
• That you may already suffer from an extremely common yet underdiagnosed liver condition that could be a precursor to the chronic diseases of aging.
• Why exercise is the most potent pro-longevity “drug”—and how to begin training for the “Centenarian Decathlon.”
• Why you should forget about diets, and focus instead on nutritional biochemistry, using technology and data to personalize your eating pattern.
• Why striving for physical health and longevity, but ignoring emotional health, could be the ultimate curse of all.

Aging and longevity are far more malleable than we think; our fate is not set in stone. With the right roadmap, you can plot a different path for your life, one that lets you outlive your genes to make each decade better than the one before.

The Woman in Me by Britney Spears

The Woman in Me is a brave and astonishingly moving story about freedom, fame, motherhood, survival, faith, and hope.

In June 2021, the whole world was listening as Britney Spears spoke in open court. The impact of sharing her voice—her truth—was undeniable, and it changed the course of her life and the lives of countless others. The Woman in Me reveals for the first time her incredible journey—and the strength at the core of one of the greatest performers in pop music history.

Written with remarkable candor and humor, Spears’s groundbreaking book illuminates the enduring power of music and love—and the importance of a woman telling her own story, on her own terms, at last.

Pirate Cove: An Insider’s Account of the Infamous Southport Lane Scandal by Richard D. Bailey

In Pirate Cove , Richard D. Bailey provides an insider’s chronicle of a white-collar crime whose headline-grabbing elements first appeared on the front pages of The Wall Street Journal . It’s the true, unvarnished, complete, previously untold, and fascinating story of how one honest man helped unravel the massive Southport Lane fraud perpetrated by the author’s former employer, 26-year-old, self-proclaimed financial prodigy Alexander Chatfield Burns. A really smart friend of the author once asked Burns how he got control of four state-regulated insurance companies. With a Cheshire cat grin, Burns cryptically responded, “Jesus with a telescope on Mars couldn’t figure out how I did this.” But the author eventually did. If (and when) Pirate Cove is made into a movie, it’ll stand right alongside such successful dramedies as American Hustle , Can You Ever Forgive Me , Bad Education , White Collar Crime , The Wolf of Wall Street , and Michael Clayton.

Books I am Currently Reading:

If the Universe Is Teeming with Aliens … WHERE IS EVERYBODY? by Stephen Webb

Given the fact that there are perhaps 400 billion stars in our Galaxy alone, and perhaps
400 billion galaxies in the Universe, it stands to reason that somewhere out there, in the
14-billion-year-old cosmos, there is or once was a civilization at least as advanced as our
own. The sheer enormity of the numbers almost demands that we accept the truth of this
hypothesis. Why, then, have we encountered no evidence, no messages, no artifacts of
these extraterrestrials? 
In this second, significantly revised and expanded edition of his widely popular book,
Webb discusses in detail the (for now!) 75 most cogent and intriguing solutions to
Fermi’s famous paradox: If the numbers strongly point to the existence of extraterrestrial
civilizations, why have we found no evidence of them?

Progress: page 171 of 434. (Jan 6, 155, Jan 15, 164 )

The No-Cry Sleep Solution for Toddlers and Preschoolers: Gentle Ways to Stop Bedtime Battles and Improve Your Child’s Sleep by Elizabeth Pantley

Guaranteed to help parents reclaim sweet dreams for their entire family New from the bestselling author of the classic baby sleep guide! Getting babies to sleep through the night is one thing; getting willful toddlers and energetic preschoolers to sleep is another problem altogether. Written to help sleep-deprived parents of children ages one to five, The No-Cry Sleep Solution for Toddlers and Preschoolers offers loving solutions to help this active age-group get the rest they–and their parents–so desperately need. A follow-up to Elizabeth Pantley’s megahit The No-Cry Sleep Solution , this breakthrough guide is written in Pantley’s trademark gentle, child-centered style. Parents will discover a wellspring of positive approaches to help their children get to bed, stay in bed, and sleep all night, without having to resort to punishments or other negative and ineffective measures. The No-Cry Sleep Solution for Toddlers and Preschoolers tackles many common nighttime obstacles.

Progress: 344 pages of 396 (Jan 6, 234, Jan 15, 300)

Death’s End by Cixin Liu

With The Three-Body Problem, English-speaking readers got their first chance to read China’s most beloved science fiction author, Cixin Liu. The Three-Body Problem was released to great acclaim, including coverage in The New York Times and The Wall Street Journal and reading list picks by Barack Obama and Mark Zuckerberg. It also won the Hugo and Nebula Awards, making it the first translated novel to win a major SF award.

Now, this epic trilogy concludes with Death’s End. Half a century after the Doomsday Battle, the uneasy balance of Dark Forest Deterrence keeps the Trisolaran invaders at bay. Earth enjoys unprecedented prosperity due to the infusion of Trisolaran knowledge. With human science advancing daily and the Trisolarans adopting Earth culture, it seems that the two civilizations will soon be able to co-exist peacefully as equals without the terrible threat of mutually assured annihilation. But the peace has also made humanity complacent.

Cheng Xin, an aerospace engineer from the early twenty-first century, awakens from hibernation in this new age. She brings with her knowledge of a long-forgotten program dating from the beginning of the Trisolar Crisis, and her very presence may upset the delicate balance between two worlds. Will humanity reach for the stars or die in its cradle?

Doc Doc Zeus: A Novel of White Coat Crime by Thomas Keech

Still mourning the baby she gave away a year before – and feeling rejected by the same church people who had so cheerfully arranged that adoption – sixteen-year-old Diane seems to find a supportive friend in her gynecologist, Dr. Zeus. Diane is intelligent and bold but often leaps before she looks, and now she questions why he has to examine her so often, and why he prescribes her so many drugs. The state medical board also has suspicions about Dr. Zeus, but the official inquiry inches forward very slowly as its new investigator stumbles over his own hang-ups.

Progress Audiobook 75%

Book I Will Read:

Title: Something Blue

Author: Emily Giffin

Published: 2005

Pages: 338

Genres: Fiction, Romance, Contemporary

Goodreads Synopsis: Following the smash-hit Something Borrowed comes story of betrayal, redemption, and forgiveness

Darcy Rhone has always been able to rely on a few things: Her beauty and charm. Her fiance, Dex. Her lifelong best friend, Rachel. She never needed anything else. Or so she thinks until Dex calls off their dream wedding and she uncovers the ultimate betrayal. Blaming everyone but herself, Darcy flees to London and attempts to re-create her glamorous life on a new continent. But to her dismay, she discovers that her tried-and-true tricks no longer apply—and that her luck has finally expired. It is only then that she can begin her journey toward redemption, forgiveness, and true love.