Did we memorize nothing from A Million Little Pieces? Come on, folks. whether you’ve got a good story to tell, but it’s largely out of your imagination rather than your memory, consider wiring a novel. The latest scandal to rock the literary world concerns Love and Consequences: A Memoir of Hope and Survival, written by Margaret Jones and billed as a memoir of life as part of a drug gang.

The book was exposed as a swindle and may now be pulled off shelves by its publisher. Talk about consequences. The CEO of Riverhead Books’ parent, Penguin Group (USA), David Shanks, told The Wall Street Journal that a decision to recall the book hasn’t been officially made, but the verdict will reach as soon as nowadays. Shanks added that “There are ample inaccuracies in the book to form us think that

“Margaret Jones” bills herself as a biracial foster child who came of age in South Central Los Angeles, running with the Bloods street gang and selling drugs. The real capability behind the pen, Margaret Seltzer, is white and reportedly grew up comfortably in a suburban home with her biological family and enjoyed a private-school education. At least Pieces author James Frey actually had a history of drug use!

Penguin Group is owned by publishing giant Pearson PLC (NYSE: PSO). About 19,000 copies of the book have come off the printing presses, most of which have likely already been shipped to bookstores.

Beth Gaston Moon is an analyst at Schaeffer’s Investment Research.

Original post by Beth Gaston Moon

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