eBook - ePub

Lying for Money

Name: Lying for Money
ISBN: 9781982114954

How Legendary Frauds Reveal the Workings of the World

Dan Davies,

304 pages
English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Lying for Money

How Legendary Frauds Reveal the Workings of the World

Dan Davies,

About this book

An entertaining, deeply informative explanation of how high-level financial crimes work, written “with verve and wit” (The Sunday Times, London) 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.

Revealing some of the most famous frauds of the modern age, Davies explains how fraud has shaped the entire development of the modern world economy. Those “who like their true-crime stories laced with economics will enjoy these forays into the dark side” (Kirkus Reviews); this is a gripping and vivid look at modern market societies.

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Yes, you can access Lying for Money by Dan Davies in PDF and/or ePUB format. We have over one million books available in our catalogue for you to explore.