• The Fraudster's Guide to Magic Money

  • Apr 26 2024
  • Length: 1 hr and 1 min
  • Podcast
  • 2.0 out of 5 stars (1 rating)
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The Fraudster's Guide to Magic Money

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  • Summary

  • Cautionary Tales will be LIVE on stage in London this May. Tickets are on sale now: https://www.tegeurope.com/events/cautionary-tales/

    Sam Israel had a problem. The investors in his hedge fund, Bayou Capital, were expecting spectacular returns. Sam himself had spent years proclaiming the fund's brilliant results. But in reality, Sam had been marking his own homework, publishing fraudulent accounts and using these to lure in new investors.

    What to do? Well, the logical thing of course: wait around for an extraordinary profitable streak, and in the meantime keep up the ruse...

    This episode of Cautionary Tales was recorded live at the Bristol Festival of Economics and studies three incredible investment scams. How do pyramid and ponzi schemes snowball out of control, flattening victim and fraudster alike?

    For a full list of sources, see the show notes at timharford.com.

    See omnystudio.com/listener for privacy information.
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Profile Image for Paul

Greedy

Speaking of snowballs, the amount of advertising time in this podcast seems to be snowballing.

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