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An outrageous Wall Street trader known as Mad Dog for howling after successful deals, and for using phrases such as "lock and load" and "rock and roll". He played a major role in two of Wall Street's biggest ever leveraged buy-outs, the acquisitions of Beatrice Companies and RJR Nabisco by Kohlberg, Kravis, Roberts & Co. He was befriended by Michael Douglas, and served as a technical adviser for the movie Wall Street (1987). In 1990, the Wall Street Journal revealed that he had deceived people by claiming to be a Vietnam veteran and owning a business empire. His Wall Street and Hollywood friends dropped him, and he ended up as an independent money manager.