Lying for Money: How Legendary Frauds Reveal the Workings of the World

Lying for Money: How Legendary Frauds Reveal the Workings of the World - Paperback

$19.99
$19.99
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Lying for Money: How Legendary Frauds Reveal the Workings of the World
  • Lying for Money: How Legendary Frauds Reveal the Workings of the World
Lying for Money: How Legendary Frauds Reveal the Workings of the World - Paperback

Lying for Money: How Legendary Frauds Reveal the Workings of the World - Paperback

by Dan Davies
$19.99
$19.99

Book Overview

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.
ISBN9781982114947
Author Dan Davies
PublisherScribner Book Company
GenreBusiness
FormatPaperback
PublishedMarch 2022
LanguageENG- English
Pages304
Weight1.0 lb
Target AudienceAdults
Print SizeStandard Print

Related Subjects

Business & Economics Nonfiction True Crime

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More by Dan Davies

Lying for Money: How Legendary Frauds Reveal the Workings of the World

Lying for Money: How Legendary Frauds Reveal the Workings of the World - Paperback

Lying for Money: How Legendary Frauds Reveal the Workings of the World - Paperback

By Dan Davies

About Dan Davies

Dan Davies is a former regulatory economist at the Bank of England and an analyst for several investment banks. He is the author of Lying for Money and has written for publications including the Financial Times and The New Yorker.

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