‘Hold your horses. Here’s the less good news. Michael Lewis wasn’t just trading stocks, he was trading options on the stock.’
‘Trading what?’ He blinked. ‘Okay. You’re now speaking Polish.’
‘Seriously?’ There was a short silence. Ed pictured him in his wood-panelled office, rolling his eyes. ‘Options allow a trader to leverage his or, in this case, her investment, and generate substantially more in profits.’
‘But what does that have to do with me?’
‘Well, the level of profits he generated from the options is significant, so the whole case moves up a gear. Which brings me to the bad news.’
‘That wasn’t the bad news?’
He sighed.
‘Ed, why didn’t you tell me you’d written Deanna Lewis a damn cheque?’
Ed blinked. The cheque.
‘She cashed a cheque written by you for five thousand pounds to her bank account.’
‘So?’
‘So,’ and here, from the elaborately slow and careful tenor of his voice, it was possible to picture the eye roll again, ‘it links you financially to what Deanna Lewis was doing. You enabled some of that trade.’
‘But it was just a few grand to help her out! She had no money!’
‘Whether or not you extracted a profit from it, you had a clear financial interest in Lewis, and it came just before SFAX went live. The emails we could argue were inconclusive. But this means it’s not just her word against yours, Ed.’
He stared out at the moorland. Tanzie was jumping up and down and waving a stick at the slobbering dog. Her glasses had gone askew on her nose and she was laughing. Jess scooped her up from behind and hugged her.
‘Meaning?’
‘Meaning, Ed, defending you just got a whole lot tougher.’
Ed had only properly disappointed his father once in his whole life. That’s not to say he wasn’t a general disappointment – he knew his father would have preferred a son who was more obviously in his own mould: upright, determined, driven. A sort of filial marine. But he managed to override whatever private dismay he felt at this quiet, geeky boy, and decided instead that as he so clearly couldn’t sort him out an expensive education would.
The fact that the meagre funds their parents saved over their working years sent Ed to private school and not his sister was the great Unacknowledged Resentment of their family. He often wondered whether, if they had known then what a huge emotional hurdle they were planting in front of her, they would still have done it. Ed never could convince her that it was purely because she was so good at everything that they never felt the need to send her. He was the one who spent every waking hour in his room or glued to a screen. He was the one who was hopeless at sports. The day he told his father that he had started running every day (the personal trainer had been right – he did eventually love it), he wore the same expression he would have worn at the announcement of an imminent grandchild.
But no, against all available evidence he was convinced that an expensive minor public school, with the motto ‘Sports Maketh the Man’, would maketh his son. ‘This is a great opportunity we’re giving you, Edward. Better than your mother or I ever had,’ he said repeatedly. ‘Don’t waste it.’ So when he opened the report at the end of Ed’s first year, which used the words disengaged, and lacklustre performance and, worst of all, not really a team player, he stared at the letter and Ed watched uncomfortably as the colour drained from his face.
He couldn’t tell him he didn’t really like the school, with its braying packs of bullying over-entitled Henries. He couldn’t tell him that no matter how many times they made him run round the rugby pitch he was never going to like rugby. He couldn’t explain that it was the possibilities of the pixellated screen, and what you could create from it, that really interested him. And that he felt he could make a life out of it. His father’s face actually sagged with disappointment, with the sheer bloody waste of it all, and he realized he had no choice.
‘I’ll do better next year, Dad,’ he said.
Ed Nicholls was due to report to the City of London police in a matter of days.
He tried to imagine the expression his father would wear when he heard that his son, the son he now boasted about to his ex-army colleagues, the pride with which he would say, ‘Of course I don’t understand what it is he actually does, but apparently all this software stuff is the Future’, was quite possibly about to be prosecuted for insider trading. He tried to picture his father’s head turning on that frail neck, the shock and disappointment pulling his weary features down even as he tried to disguise it, and his gently pursed lips as he grasped there was nothing he could say or do. The faint nod as he acknowledged that his son was, indeed, no better than he had ever really expected him to be.
And Ed made a decision. He would ask his lawyer to prolong the proceedings as long as possible. He would throw every penny of his own money at the case to delay the announcement of his supposed crime. But he could not go to that family lunch, no matter how ill his father was. He would be doing his father a favour. By staying away he would actually be protecting him.
Ed Nicholls stood in the little pink hotel bedroom that smelt of air freshener and disappointment and stared out at the bleak moors, at the little girl who had flopped onto the damp grass and was pulling the ears of the dog as he sat, tongue lolling, an expression of idiotic ecstasy on his great features, and he wondered why – given that he was so evidently doing the right thing – he felt like a complete shit.