ago.
“Ten million dollars?” he asked Collin. “Are you out of your mind?”
“The two could be related.”
“The blackmail letter said, ‘the world will learn the dirty secret of how the Wellingtons make their money.’ It didn’t say anything about an SEC investigation.” Not that Reed would have paid up in any event. But he might have taken the letter a little more seriously if the threat had been that specific.
“Insider trading is a dirty little secret.”
“It’s also a ridiculous fabrication.”
When Reed first read the blackmail letter, he’d dismissed it as a hoax. There were plenty of lunatics out there. Then he’d wondered if some of their overseas suppliers might be engaged in unethical labor practices. But he’d checked them all out. He could find absolutely nothing to substantiate any “dirty little secret” of the Wellingtons’ wealth.
He had no dirty little secret. It was beyond preposterous to suggest he’d engaged in insider trading. And impossible to prove, since he hadn’t done it. It wasn’t even logical. The vast majority of his and his father’s and, for that matter, their ancestors’ wealth was derived from the performance of their companies. Reed did very little trading on the stock market.
And what little he did do was recreational, just to see if he could beat the odds. Where was the challenge in cheating? He didn’t need the money. And cheating wouldn’t be any fun. So why the hell would he engage in insider trading?
“They’ve got something,” said Collin as the elevator came to a rest on the second floor. “The SEC doesn’t start investigations on spec.”
“So, who do we call?” asked Reed.
As well as being a vice president, Collin was a damn fine lawyer. He inserted his key and opened the apartment door. “The SEC for starters.”
Reed glanced at his watch. Nine-fifteen. “You know anybody we can disturb?”
“Yeah.” Collin tossed his briefcase on the table of the more compact, one-bedroom apartment that was owned by Wellington International. “I know a guy.” He picked up a cordless phone. “You feel like pouring the scotch?”
“On it.”
Collin’s call was brief.
When he finished, he accepted a crystal tumbler of single malt and sat back in an armchair. “They’ll send us a full dossier in the morning, but it’s something to do with Ellias Technologies.”
Reed recognized the company name. “That was Gage’s deal. He thought they were going to go big, so we both bought in.” But he couldn’t believe Gage Lattimer, his friend and neighbor, would have recommended a stock based on insider information. But he went over the scenario, thinking out loud as he stepped through the deal.
“It did shoot up fast. Particularly when that navigations system—”
A lightbulb went on inside Reed’s head.
“What?” Collin prompted.
“Kendrick.”
“The senator?”
Reed nodded. “Damn it. How much you want to bet he was on the approval committee?”
The trepidation in Collin’s voice was obvious. “Not the one that awarded the navigations contract.”
“Yeah.” Reed took a swallow of his scotch. “That one.”
Collin cursed under his breath.
Reed echoed the sentiment. He hadn’t done anything wrong, but if Kendrick was on the approval committee, it would sure look like he had.
“I buy shares in Ellias,” Reed speculated out loud. “Kendrick—who the whole world knows is an avid supporter of my Envirocore.com—approves a lucrative contract for Ellias. Ellias stock soars. I make a few hundred thousand. And suddenly the SEC is involved.”
“You missed a step,” said Collin.
“The blackmailer,” Reed agreed. If the blackmailer was the one who alerted the SEC, then Reed hadn’t taken him nearly seriously enough.
The blackmailer obviously had information on Reed’s stock portfolio. He also knew Reed was the owner of Envirocore. And he knew that Kendrick was on the Senate navigation system contract approval committee. What’s more, he knew how to put it all together to hurt Reed.
This was no lightweight.
Collin gazed at the storm-tossed seascape on his far wall. “Nobody in his right mind is going to think you broke the law for a few hundred thousand.”
“Are you kidding? Everybody’s ready to knock old money off their pedestal.”
“Can you prove you’re innocent?”
Reed scoffed. “Prove that a phone call, a meeting or an e-mail didn’t take place? I don’t see how I can do that.”
“Did you call the police on the blackmail letter?”
“I filed it with the rest of the crank stuff.” Mistake. Obviously.
“You want to call them tonight?”
Reed nodded. “We might as well get this party started.”
Two
The black-tie hospital fund-raiser at the Bergere Grande Hotel was in full swing on Saturday night. Guests had been served a gourmet dinner in the Crystal Room, and now they were moving through the marble-pillared foyer to the East Ballroom for cocktails and dancing.
Elizabeth had spotted Collin approaching, so she’d quickly set a course for the ladies’ room. She knew she’d have to look the man in the eye at some point, but she was putting off the moment as long as possible. She didn’t want to think about how much the red negligee had revealed.
She emerged from checking her hair and freshening her lipstick and accepted a flute of champagne from a smartly dressed waiter. Then she concentrated on a series of silent auction items on her way to the main ballroom. She wanted to give Collin and Reed plenty of time to finish their conversation.
Hanna sidled up to her. “So, how’d it go last night?”
Elizabeth bought a little time by putting her head down over an auction item. It was a ruby and diamond choker, and the top bid was ten thousand dollars. She added a thousand and signed her name.
“Nice,” said Hanna, nodding to the jewels that were secured in a glass case. “If you win, can I borrow it sometime?”
“Sure.”
Hanna latched on to Elizabeth’s arm and drew her away from the crowd. “So, did you do it?”
Elizabeth admitted as much with a nod.
“What
