Lying For Money: How Legendary Frauds Reveal The Workings Of The World

  • Author: Dan Davies
  • Narrator: Tim Paige
  • Publisher: Simon & Schuster
  • Duration: 9:10:34
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Synopsis

An entertaining, deeply informative explanation of how high-level financial crimes work, written by an industry insider who’s an expert in the field.

The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds.

Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology.

Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit and explains how fraud has shaped the entire development of the modern world economy.

Chapters

  • 001 LyingForMoney Open

    Duration: 16s
  • 002 LyingForMoney Chapter1 TheWayOfTheWorld

    Duration: 51min
  • 003 LyingForMoney Chapter2 TheBasics

    Duration: 39min
  • 004 LyingForMoney Chapter3 TheLongFirm

    Duration: 01h06min
  • 005 LyingForMoney Chapter4 TheSnowballEffect

    Duration: 01h04min
  • 006 LyingForMoney Chapter5 Counterfeits

    Duration: 45min
  • 007 LyingForMoney Chapter6 CookedBooks

    Duration: 34min
  • 008 LyingForMoney Chapter7 ControlFrauds

    Duration: 01h13min
  • 009 LyingForMoney Chapter8 TheEconomicsOfFraud

    Duration: 25min
  • 010 LyingForMoney Chapter9 MarketCrimes

    Duration: 49min
  • 011 LyingForMoney Chapter10 ColdCases

    Duration: 41min
  • 012 LyingForMoney Chapter11 FraudAgainstTheGovernment

    Duration: 33min
  • 013 LyingForMoney Chapter12 WhenItAllComesToAnEnd

    Duration: 24min
  • 014 LyingForMoney Close

    Duration: 27s