How Two Guys Lost God and Found $40 Million


And sold Wall Street on a shady new kind of finance.

Zeines (left) and Hurwitz at play in Puerto Rico.

Abe Zeines’s hilltop mansion in Puerto Rico looks like a frat house after a rager. A wrecked golf cart blocks the driveway. An SUV with a blown tire sits on the grass out front. A porch overlooking the Caribbean is littered with beer bottles and cigarette butts.

It’s a Monday morning in June, and Zeines is lounging in boxer shorts in his living room, drinking a Blue Moon. Two girls in bikinis are cooking breakfast for him and Meir Hurwitz, his best friend and business partner. The men, natives of Brooklyn, N.Y., are complaining about the restaurants on the island they’ve decided to call home. “There’s no item called eggs,” Zeines says. “You have to get the eggs with ham, hold the ham.”…

How Two Guys Lost God and Found $40 Million

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