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While the SEC had banned him from trading domestically, they couldn’t prevent him from trading abroad and it was this foreign business that Hayes now capitalized on. But that was no surprise to anyone who knew him. Before destroying Wolfhagen in court five years ago, Hayes had been revered as one of the men who had turned Wolfhagen’s millions into billions, and his mind was sharper now than ever.

Earlier that morning, Carmen phoned Hayes for an interview. “It’s time you set the record straight,” she said to him. “People are tired of Wolfhagen and his lies. Now they want your side of the story and I want to help you tell it. Can we meet? The Times is promising prime space.”

Hayes agreed, but only after quizzing her about her career as a journalist. If he was going to tell his story, it wouldn’t be to an amateur. Carmen told him that she had been nominated for a Pulitzer for her reporting on international terrorism. For Hayes, it had been enough. For Spocatti, it had been a grave mistake on Carmen’s part. If Hayes decided to Google the names of the nominees for that award or her position at the Times, he’d know she was a fraud.

His office door was closed. Carmen knocked twice and waited. It was a moment before the door swung open, revealing Hayes, his richly appointed office and the long array of windows behind him.

Carmen sized him up in a flash. Gerald Hayes was taller, more athletic than she expected, but there was something else, something in the stubborn set of his jaw, that caused her to pause. “Mr. Hayes,” she said, extending a hand. “I’m Maria Leonard from the Times.”

Hayes looked at her hand but ignored it. His cheeks were flushed and his tie was loose. Carmen sensed he had been drinking. “You’re late,” he said. “You said you’d be here an hour ago.” But Carmen had specifically asked to meet him at 10 p.m. She was about to disagree when Hayes raised a hand, silencing her. “Forget it,” he said. “I had a report to finish, anyway.” He stepped aside so she could walk through. “I was about to fix myself a drink,” he said. “Care to join me?”

The door clicked shut. Carmen said she was fine. She followed him out of the main office and into one that was much larger but with none of the former’s warmth. Furnished with spare iron sculptures and abstract prints, the ivory-colored walls a shade darker than the bleached hardwood floor, Gerald Hayes’ office was virtually without color, suggesting the man had bled all emotion from his life.

He motioned to the chair opposite his desk. “Have a seat,” he said, stepping to the bar. “I’ll be a minute.”

But Carmen went to the windows beside the pale leather chair and faced the building across the way. Though it was late, she could see, in one of the building’s few illumined windows, a cleaning woman pushing a vacuum over a beige rug. In another window, a man was talking into a cell phone while rifling through a file cabinet. Several floors above, two women were locked in a passionate kiss.

She didn’t look for Spocatti or for the office he’d rented two weeks ago. She knew he was there, poised behind a rifle, filming this for Wolfhagen through one of the darkened windows, listening to and recording everything she and Hayes said.

“So tell me,” Hayes said from the bar. “Why is everyone suddenly interested in Wolfhagen? First you call for an interview, then Maggie Cain calls for one. The man was a goddamn crook, for Christ’s sake. What do you people see in him?”

Carmen turned from the window. “Someone else is doing a story on Wolfhagen?”

Hayes came over with his drink. “More than just a story. Maggie Cain is writing a book. She told me this afternoon that she’ll interview everyone who’s ever been linked to Wolfhagen, starting with those of us who testified against him in court.” He took a hit of Scotch. “Or what’s left of us. With the Coles and Mark Andrews dead, she may have a slim book on her hands. And I haven’t even agreed to the interview.”

He sat down at his desk and indicated for Carmen to do the same. “But if I know Maggie, she’ll pull it off. She’s good at what she does. She’s smart and disarming. She’ll probably even get me to talk.”

Instinctively, Carmen knew that Wolfhagen would want to know about this book. She sat opposite Hayes. “Who is Maggie Cain?”

Hayes lowered his eyebrows. “She’s a writer,” he said slowly. “She was once involved with Mark Andrews.” Something in his face darkened and Carmen realized her mistake-a reporter from the Times would at least have recognized Cain’s name. “Do I have to tell you who Mark Andrews is, Ms. Leonard?”

Carmen said that he didn’t.

“How about Edward and Bebe Cole?”

“I knew the Coles,” she said, and half-smiled at how she knew them.

Hayes finished the last of his Scotch and leaned back in his chair. “All of them are dead,” he said grandly. “The Coles murdered in their apartment over Bebe’s van Gogh, Andrews trampled by bulls in Pamplona. Maybe all of us will pay after all,” he said. “Maybe the immunity our government promised us has finally run out.”

He shot Carmen a look. “The press would love that,” he said. “They’ve been bitching for years about how easily we twelve got off, and maybe they’re right. Maybe we did get off easy.” He shrugged. “Doesn’t matter. In the end, all of us will pay for our hubris. Even you, Ms. Leonard.”

Something in the tone of his voice set her on edge. Carmen looked at him.

“Who are you?” he asked. “You’re not from the Times and you were never nominated for a Pulitzer. I checked.” He folded his arms. “Suppose you tell me what you want from me. Suppose you tell me why you deliberately lied to me this morning and asked for this interview.”

It was exactly what Spocatti feared.

Carmen was searching for an answer when she noticed, on the sleeve of Hayes’ maroon and white striped shirt, a tiny pinpoint of red light. As she watched, the light moved up Hayes’ arm to his shoulder, hesitating at the base of his neck before curling around his chin and stopping to dance on his right temple. Spocatti, she thought.

“Answer me,” Hayes said. “Tell me what you’re doing here.”

The laser beam flashed across Hayes’ face in a brilliant streak of scarlet. Thrilled, Carmen watched it disappear into the man’s hairline before darting out and appearing in the center of his forehead. There, it wavered like a flame.

“Do you always betray your best friends, Mr. Hayes?”

Hayes, who had been expecting an answer to his own question, looked at her as if he didn’t understand.

Carmen opened her jacket, reached inside for her gun and stood. She pointed it at him. “Wolfhagen was one of your closest friends and you betrayed him,” she said. “You told all his secrets in court, you sent him to prison for three years and you’ve never regretted it. Did you really think he’d let you get away with it forever?”

Hayes straightened in his chair and stared at the gun. He seemed neither frightened nor surprised. “What do you think you’re doing?”

Carmen came around his desk and motioned for him to stand.

But Hayes made no effort to rise. He was twice her size and he knew it.

“On your feet,” she said firmly.

But Hayes didn’t move. He continued looking at the gun, his eyes narrowing, doubting she would shoot. Carmen cocked the trigger and pressed the cool metal barrel hard against his temple. “Move,” she said. “Or I’ll blow your fucking head off.”

Hayes pushed back his chair and stood, rising to his full height of six feet four inches. He was just drunk enough to believe he was invincible. He looked down at her and said, “You think you can come in here and threaten me? You think you can intimidate me with a gun?” His voice rose in anger. “Your face is on every video camera in this building. Touch me and your ass will be in jail for the rest of your life.”

Carmen leaned back against the edge of his desk. Beside her was a heavy marble paperweight the size of a baseball. She put her hand over it and said, “Mr. Hayes, I’ve killed drug lords, politicians and religious leaders. I helped murder the Coles and Mark Andrews. I’ve been doing this for seven years without fear or interruption. Surely, I can do the same to an old man like you and get away with it.”