- Wiley
- 2009
- Gebunden
- 224 Seiten
- ISBN 9780470526538
In December 2008, a well-regarded member of the finance community, former NASDAQ chairman, huge charitable contributor, and pillar of New York society admitted to his sons the $65 billion he managed for hedge funds, charities, foundations, Hollywood stars, and myriad smaller investors was a fraud - a Ponzi scheme. 2008 and 2009 will be remembered for bear markets, a global credit crunch, and some of the largest investment scams ever. But these scams are nothing new - from Charles Ponzi to Robert Vesco to Bernard Madoff - they've been repeated throughout history, and there will certainly be more to come in the future. But the good news is fraudsters often follow the same basic playbook. Learn the playbook - and know how to ask the right questions - and financial fraud can be easy to detect and simple to avoid. Some advisers start intending to embezzle. Others evolve to it as Madoff claims. Either way, it's structurally the same, and you can learn ways to identify both intended and possible future fraud. Throughout your
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