Anatomy Of A Ponzi Scheme

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Anatomy of a Ponzi Scheme: Scams Past and Present

Author : Colleen Cross
Publisher : Slice Publishing Mystery and Thriller Books
Page : 272 pages
File Size : 41,6 Mb
Release : 2022-12-31
Category : Business & Economics
ISBN : 9780987883544

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Anatomy of a Ponzi Scheme: Scams Past and Present by Colleen Cross Pdf

The unputdownable true crime financial thriller and instant #1 bestseller Wall Street sell-offs and stock market meltdowns aren't the worst that can happen... What if you're invested in a Ponzi Scheme? It can happen to you... Market volatility, financial upheaval, and economic uncertainty are the main catalysts for Ponzi scheme collapse--and financially ruined investors. Politics, global instability, trade wars and volatile stock markets can all be catalysts for a financial meltdown. When markets collapse, fraud, Ponzi schemes and other investment scams are exposed, but usually too late to get your money back. Are you and your money protected? Can you spot a Ponzi scheme? Most people don't know that they're caught in a fraudulent investment until it's too late. At best they lose their retirement funds, college funds, and nest eggs. At worst, they are financially ruined. You owe it to yourself and your family to learn how to spot and avoid Ponzi schemes and protect your money. Most of the 10 biggest Ponzi schemes collapsed during the Great Recession and financial crisis. Today's financial markets are even more volatile, with catalysts providing exactly the right conditions to trigger a Ponzi scheme collapse. Unwitting investors will be financially ruined and left holding the bag. The next massive Ponzi scheme collapse will surprise both veteran investors and financial experts alike, and will dwarf Bernard Madoff's massive $50 billion fraud during the 2008 financial crisis. Will you be a victim of the greatest fraud of the 21st century, or will you be prepared? Don't fall prey to the next wolf of Wall Street. You will be surprised to learn you are probably already invested in one of these schemes, either directly or indirectly as part of your mutual fund, pension fund, hedge fund or other investments. Many innocent victims suffered financial ruin simply because they didn't spot the Ponzi scheme red flags and warning signs until it was too late. Knowledge is power, and by following a few simple steps you can protect yourself and your money. You'll also discover exactly how Bernard Madoff, Scott Rothstein, Tom Petters and others defrauded investors for years, and how they ultimately got caught. Get Anatomy of a Ponzi today so you can protect yourself and keep your investments safe! A #1 New York Times bestseller business book from investing expert and CPA Colleen Cross. This exposé of the Wall Street underworld of tax havens and shady investment scams will both shock you and inform you as you prepare for the next Wall St. market meltdown... New York Times Bestselling author Colleen Cross is a CPA and personal finance expert who writes action-packed financial and legal thrillers, true crime and white-collar crime. What readers are saying: "Hands down the best investing book I have read in years. The practical advice and real-life stories are eye-opening and scary." "Fascinating how history always repeats. Great reading!" "You'll never trust your investment adviser again - a must read!" Also by Colleen Cross: Katerina Carter Fraud Thriller Series Exit Strategy Game Theory Blowout Greenwash Red Handed Blue Moon Nonfiction Anatomy of a Ponzi Scheme: Scams Past and Present Keywords: undoing project, Brexit, EU, UK, USA, Great Recession, DepressionPonzi scheme, books, ebooks, how to spot a scam, financial thriller, crime, financial crisis, stock market crash, penny stocks, short sellers, market volatility, true crime, financial crime, Ponzi, ponzi schemes, Charles Ponzi, Paul Burks, Marc Dreier, Nevin Shapiro, Ioan Stoica, Damara Bertges, Scott Rothstein, Tom Petters, Allen Stanford, Bernard Madoff, swindlers, cons, cheats, forensic accounting, accounting, money, criminals, white collar crime, scams, securities, nvestments, investing, retirement, sarah howe, bill miller, fraud red flags, psychopaths, pyramid schemes, mavrodi, whistle blower, best selling, bestselling, banks, banking, bookkeeping, budgeting, business ethics, corporate finance, business history, economics, 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Anatomy of a Ponzi

Author : Colleen Cross
Publisher : Colleen Tompkins
Page : 296 pages
File Size : 41,5 Mb
Release : 2015-05-06
Category : Business & Economics
ISBN : 0987883550

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Anatomy of a Ponzi by Colleen Cross Pdf

Is Your Money Safe? Bernard Madoff, Tom Petters and others amassed fortunes in massive Ponzi schemes, ruining unsuspecting investors who were unaware that their investments were connected to these criminals. The biggest Ponzi scheme of all time is about to collapse in 2016, and most victims are unaware they are caught in its web. Just like the investors on Bernie Madoff's massive Ponzi scheme, they are unknowingly invested in the scheme, either directly or indirectly, through hedge funds, mutual funds or other feeder fund investments. Are you an unwitting victim? Learn how the current economy allows Ponzi schemes to proliferate with irresistible promis

Anatomy of a Ponzi Scheme

Author : Colleen Cross
Publisher : Unknown
Page : 242 pages
File Size : 51,6 Mb
Release : 2022-03-13
Category : Electronic
ISBN : 1989268927

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Anatomy of a Ponzi Scheme by Colleen Cross Pdf

Ponzi Schemes Ruin Dreams... ⭐⭐⭐⭐⭐ Charles Ponzi gave the Ponzi Scheme its name. He wasn't the first, and won't be the last investment con artist. There's always a Ponzi scheme operating somewhere, stealing fortunes from unwitting investors. This book shows you how to spot a Ponzi scheme, and discover the tell-tale signs that an investment is too good to be true. Learn about the top 10 Ponzi Schemes of all time, and how these criminals fooled investors, regulators, and even finance experts with promises of secret deals and wealth creation. Charles Ponzi, Bernard Madoff, and scores of others preyed upon unsuspecting victims with smooth talk, secrecy and psychology. This book breaks down each investment scam in detail, from how victims got tricked into investing large sums of money they couldn't afford to lose, to how the perpetrators eventually get caught. You'll learn how each of these crimes unfolded and how they collapsed. You'll discover the red flags that are always present, if only you know where to look. White collar crime is more prevalent than ever, and the biggest Ponzi scheme ever to exist will implode soon. Today's frothy financial markets provide exactly the right conditions for a market meltdown and Ponzi scheme collapse, bringing financial ruin to all involved. This Ponzi Scheme book was written for both seasoned investment professionals and ordinary people seeking to safeguard their retirement funds. Once you understand the art of the con, you won't end up a victim of the con game. For fans of Wall Street, investing, investment psychology and behavioural finance.

Anatomy of a Fraud Investigation

Author : Stephen Pedneault
Publisher : John Wiley & Sons
Page : 213 pages
File Size : 48,5 Mb
Release : 2010-02-08
Category : Business & Economics
ISBN : 9780470560471

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Anatomy of a Fraud Investigation by Stephen Pedneault Pdf

A one-of-a-kind resource walking you through one complete fraud investigation, from the original tip to conviction in court Anatomy of a Fraud Investigation is an engrossing read and a valuable resource for fraud investigators, auditors, or anyone who suspects fraud may be occuring in their organizations and is unsure as to how to act. It details all phases of a fraud investigation from the first suspicion of fraud to the final judgment in court, through the eyes of a forensic accountant. In each phase, the author provides insights based on his twenty-two years as a forensic accountant from where to sit at the table when you bring the suspected fraudster in for questioning, to how you protect the key sources of information that the suspect will try to destroy once he or she realizes they are under investigation. In-depth analysis of a fraud investigation Based on an actual investigation conducted by the author Each chapter contains valuable tips and key considerations, providing subtext for why decisions were made and bringing to light potential risks A fascinating, insider look at a fraud investigation, Anatomy of a Fraud Investigation helps you better understand fraud detection, investigation, and prevention-from the inside out.

The Anatomy of Fraud and Corruption

Author : Tomas Brytting,Richard Minogue,Veronica Morino
Publisher : Gower Publishing, Ltd.
Page : 300 pages
File Size : 44,7 Mb
Release : 2011
Category : Business ethics
ISBN : 0566091534

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The Anatomy of Fraud and Corruption by Tomas Brytting,Richard Minogue,Veronica Morino Pdf

Examines how whole organisations behave when fraud and corruption occur, exploring the interactions between perpetrators, victims and bystanders. Provides insights on training and motivating employees to reduce the occurrence and threat of fraud. Includes reference to real life cases.

Anatomy of Foolishness

Author : Stephen Greenspan
Publisher : Rowman & Littlefield
Page : 269 pages
File Size : 44,7 Mb
Release : 2019-10-04
Category : Psychology
ISBN : 9780761871637

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Anatomy of Foolishness by Stephen Greenspan Pdf

Just days after publishing his first book on the theory of foolishness, Stephen Greenspan learned that he had been hoodwinked by Bernard Madoff’s Ponzi scheme, or more accurately the Madoff “feeder” fund he invested in. Greenspan published a featured essay on the topic in the Wall Street Journal a few weeks later, and that essay was widely cited and attracted great interest for Greenspan’s ideas about gullibility and in the United States and many other countries. Greenspan’s new book, The Anatomy of Foolishness, explains why and how individuals (of all ages and levels of intelligence) and organizations act in ways that undermine their interests and even their continued existence. He examines three types of foolishness, using vivid examples to illustrate each, including the many foolish actions of US President Donald Trump. Greenspan presents a multidimensional theory of foolishness that contributes to the literature on human competence, and this book is likely to attract broad interest in the fields of psychology, sociology, economics, political science, and psychiatry as well as among those members of the general public (basically everyone) who have acted foolishly or know someone who has acted in a way that went against their own interests.

Bernard Madoff and His Accomplices

Author : Lionel S. Lewis
Publisher : Bloomsbury Publishing USA
Page : 342 pages
File Size : 50,7 Mb
Release : 2016-03-21
Category : Business & Economics
ISBN : 9798216052449

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Bernard Madoff and His Accomplices by Lionel S. Lewis Pdf

This is the first detailed study of how Bernard L. Madoff and his accomplices perpetrated a Ponzi scheme of epic proportions—what has been referred to as the "con of the century." In December 2008, Bernard L. Madoff was arrested for perpetrating a protracted Ponzi scheme of inconceivably huge proportions that defrauded clients of his securities company of nearly $20 billion—and was consequently sentenced to 150 years in jail. How did Madoff pull this off for years, even returning some or all of clients' money when they asked, while in actuality was financing the lavish lifestyles of himself, his family, and his accomplices with the stolen funds? And why didn't anyone in the highly regulated investment industry catch on sooner? Bernard Madoff and His Accomplices: Anatomy of a Con examines Bernard L. Madoff's unprecedented confidence game (con game), drawing back the curtain on what actually went on at his investment firm, Bernard L. Madoff Investment Securities, and exposing the day-to-day activities of his accomplices that enabled the elaborate con to succeed for as long as it did. Through the examination of court testimony and other court documents, the mechanics of the con game become clear, elucidating how Madoff's friends and employees hustled money from investors; the methods by which false records, monthly statements to investors, and other documents were manufactured and mass-produced; and how a multitude of felonies and the highest levels of fraud became everyday practices.

A.B.C.'s of Behavioral Forensics

Author : Sridhar Ramamoorti,David E. Morrison, III,Joseph W. Koletar,Kelly R. Pope
Publisher : John Wiley & Sons
Page : 304 pages
File Size : 40,9 Mb
Release : 2013-09-23
Category : Business & Economics
ISBN : 9781118370551

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A.B.C.'s of Behavioral Forensics by Sridhar Ramamoorti,David E. Morrison, III,Joseph W. Koletar,Kelly R. Pope Pdf

Get practical insights on the psychology of white-collar criminals—and how to outsmart them Understand how the psychologies of fraudsters and their victims interact as well as what makes auditors/investigators/regulators let down their guard. Learn about the psychology of fraud victims, including boards of directors and senior management, and what makes them want to believe fraudsters, and therefore making them particularly vulnerable to deception. Just as IT experts gave us computer forensics, we now have a uniquely qualified team immersed in psychology, sociology, psychiatry as well as accounting and auditing, introducing the emerging field of behavioral forensics to address the phenomenon of fraud. Ever wonder what makes a white-collar criminal tick? Why does she or he do what they do? For the first time ever, see the mind of the fraudster laid bare, including their sometimes twisted rationalizations; think like a crook to catch a crook! The A.B.C.'s of Behavioral Forensics takes you there, with expert advice from a diverse but highly specialized authoring team of professionals (three out of the four are Certified Fraud Examiners): a former accounting firm partner who has a PhD in psychology, a former FBI special agent who has been with investigative practices of two of the Big Four firms, an industrial psychiatrist who has worked closely with the C-level suite of large and small companies, and an accounting professor who has interviewed numerous convicted felons. Along with a fascinating exploration of what makes people fall for the common and not-so-common swindles, the book provides a sweeping characterization of the ecology of fraud using The A.B.C.'s of Behavioral Forensics paradigm: the bad Apple (rogue executive), the bad Bushel (groups that collude and behave like gangs), and the bad Crop (representing organization-wide or even societally-sanctioned cultures that are toxic and corrosive). The book will make you take a longer look when hiring new employees and offers a deeper more complex understanding of what happens in organizations and in their people. The A.B.C. model will also help those inside and outside organizations inoculate against fraud and make you reflect on instilling the core values of your organization among your people and create a culture of excellence and integrity that acts as a prophylactic against fraud. Ultimately, you will discover that, used wisely, behavioral methods trump solely economic incentives. With business fraud on the rise globally, The A.B.C.'s of Behavioral Forensics is the must-have book for investigators, auditors, the C-suite and risk management professionals, the boards of directors, regulators, and HR professionals. Examines the psychology of fraud in a practical way, relating it to aspects of fraud prevention, deterrence, detection, and remediation Helps you understand that trust violation—the essence of fraud—is a betrayal of behavioral assumptions about "trusted" people Explains how good people go bad and how otherwise honest people cross the line Underscores the importance of creating a culture of excellence and integrity that inoculates an organization from fraud risk (i.e., honest behavior pays, while dishonesty is frowned upon) Provides key takeaways on what to look for when hiring new employees and in your current employees, as well as creating and maintaining a culture of control consciousness Includes narrative accounts of interviews with convicted white-collar criminals, as well as interpretive insights and analysis of their rationalizations Furnishes ideas about how to enhance professional skepticism, how to resist fraudsters, how to see through their schemes, how to infuse internal controls with the people/behavioral element, and make them more effective in addressing behavioral/integrity risks Provides a solid foundation for training programs across the fraud risk management life cycle all the way from the discovery of fraud to its investigation as well as remediation (so the same fraud doesn't happen again) Enables auditors/investigators to engage in self-reflection and avoid cognitive and emotional biases and traps that lead to professional judgment errors (e.g., overconfidence, confirmation, self-deception, groupthink, halo effect, availability, speed-accuracy trade-off, etc.) Ever since the accounting scandals surrounding Enron and WorldCom surfaced, leading to the passage of the Sarbanes Oxley Act of 2002, as well as the continuing fall out from the Wall Street financial crisis precipitating the Dodd-Frank Act of 2010, fraud has been a leading concern for executives globally. If you thought you knew everything there was to know about financial fraud, think again. Get the real scoop with The A.B.C.'s of Behavioral Forensics.

The Politics of Ponzi Schemes

Author : Marie Springer
Publisher : Routledge
Page : 324 pages
File Size : 54,6 Mb
Release : 2020-12-30
Category : Political Science
ISBN : 9780429869792

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The Politics of Ponzi Schemes by Marie Springer Pdf

In the space of three years, from 2009 to 2012 Bernie Madoff, Tom Petters and R. Allen Stanford were all convicted for running multi-billion dollar Ponzi schemes. These three schemes alone have had the largest financial take in U.S. history. But what role does the economy and legislation play in the occurrences of Ponzi schemes? What is the nature of Ponzi schemes and what are their tools and mechanisms? What can we know about Ponzi perpetrators? Unraveling the answers to these questions (and many more), Marie Springer provides the first representative portrait of Ponzi schemes, their perpetrators, and their victims. Adopting a multidisciplinary approach, she begins by presenting an overview of different types of Ponzi schemes. She later explores perpetrators and victims of Ponzi schemes followed by a close examination of economic trends, regulatory changes, and the financial relationship with Ponzi schemes. Other key features include: • A non-technical overview of both offender based and offense-based approaches of studying this form of fraud. • Examples of Ponzi schemes and Ponzi schemers. • A wealth of descriptive statistics on known federal cases from the 1960s until the present to quantify this specific form of fraud. Broadening our understanding of Ponzi schemes as a form of white-collar crime, The Politics of Ponzi Schemes provides an excellent foundation for students and practitioners of public administration, banking, as well as investors, finance and accounting, law enforcement officers, legislators and regulators.

The Anatomy of Fraud and Corruption

Author : Richard Minogue,Veronica Morino
Publisher : Unknown
Page : 128 pages
File Size : 41,6 Mb
Release : 2007
Category : Electronic
ISBN : OCLC:733448829

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The Anatomy of Fraud and Corruption by Richard Minogue,Veronica Morino Pdf

Using actual cases and investigations, the organizational conditions that give rise to fraud and corruption are explored. The authors then provide important insights as to how employees may be trained and motivated to reduce the likelihood and impact of fraudulent incidents. Whilst fundamentally a practical guide, this book is also essential reading for academics wanting to stay abreast of the latest developments in the study of ethics, organizational and work psychology and sociology, and criminology.

Anatomy of a Banking Scandal

Author : Robert Pasley
Publisher : Routledge
Page : 343 pages
File Size : 47,6 Mb
Release : 2017-07-05
Category : Social Science
ISBN : 9781351531795

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Anatomy of a Banking Scandal by Robert Pasley Pdf

In the early 1990s, the First National Bank of Keystone in West Virginia began buying and securitizing subprime mortgages from all over the country, and quickly grew from a tiny bank with just $100 million in assets to over $1.1 billion. For three years, it was listed as the most profitable large community bank in the country. It was all a fraud. All of the securitization deals the bank entered into lost money. To hide that fact, bank insiders started cooking the books, and concealing that they were also embezzling millions of dollars from the bank. This was all hidden from the bank's attorneys and auditors, federal bank examiners, and even the board of directors of the bank. To keep the examiners at bay, the bank insiders did everything possible to avoid giving them access to documents they were entitled to see, documents they knew would sink their scheme. The head of the bank even went so far as to bury four large truckloads of documents in a ditch on her ranch. Robert S. Pasley explores the failure of the First National Bank of Keystone, the intrigue involved, and the lessons that could have been learnedand still can be learnedabout how banks operate, how federal banking regulators supervise financial institutions, how agencies interact with one another, and how such failures can be avoided in the future.

Fraud 101

Author : Stephen Pedneault
Publisher : John Wiley & Sons
Page : 262 pages
File Size : 42,5 Mb
Release : 2009-09-22
Category : Business & Economics
ISBN : 9780470481967

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Fraud 101 by Stephen Pedneault Pdf

A straightforward guide explaining the nature of financial fraud Fraud continues to be one of the fastest growing and most costly crimes in the United States and around the world. The more an organization can learn about fraud in general and the potential fraud risks that threaten the financial stability of the organization's cash flow, the better that organization will be equipped to design and implement measures to prevent schemes from occurring in the first place. Fraud 101, Third Edition serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better understand the inner workings of numerous financial schemes and internal controls to increase your awareness and possibly prevent fraud from destroying your organization's financial stability. It offers guidance, understanding, and new, real-world case studies on the major types of fraud, including An understanding of why fraud is committed An overview of financial fraud schemes White-collar crime Uncovering employee embezzlements Establishing internal fraud controls The nature of collecting evidence With case studies included throughout the book to gain insight to the real world of fraud, Fraud 101, Third Edition describes the features of fraud and then provides proven methods of prevention, as well as solutions to expose different types of fraud.

Expert Fraud Investigation

Author : Tracy L. Coenen
Publisher : John Wiley & Sons
Page : 244 pages
File Size : 45,6 Mb
Release : 2009-02-09
Category : Business & Economics
ISBN : 9780470387962

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Expert Fraud Investigation by Tracy L. Coenen Pdf

A fraud investigation is aimed at examining evidence to determine if a fraud occurred, how it happened, who was involved, and how much money was lost. Investigations occur in cases ranging from embezzlement, to falsification of financial statements, to suspicious insurance claims. Expert Fraud Investigation: A Step-by-Step Guide provides all the tools to conduct a fraud investigation, detailing when and how to investigate. This guide takes the professional from the point of opening an investigation, selecting a team, gathering data, and through the entire investigation process. Business executives, auditors, and security professionals will benefit from this book, and companies will find this a useful tool for fighting fraud within their own organizations.

Con Game

Author : Lionel S. Lewis
Publisher : Transaction Publishers
Page : 281 pages
File Size : 53,9 Mb
Release : 2012
Category : True Crime
ISBN : 9781412846097

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Con Game by Lionel S. Lewis Pdf

This case study of the Madoff scheme looks at the effects of his crimes on the victims. Many did not accept the fact that they were victims of a con game and publicly clamored for sympathy, restitution, and for public officials to share their perspective. Considerably more is known about the dynamics of con games than about Ponzi schemes, and this fact frames this book's approach. To better understand what Madoff did, who was central in keeping his scheme alive, whom he defrauded, and how they reacted, this work is as invaluable as it is illuminating.

Detecting Accounting Fraud Before It's Too Late

Author : Oriol Amat
Publisher : John Wiley & Sons
Page : 213 pages
File Size : 46,6 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9781119566847

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Detecting Accounting Fraud Before It's Too Late by Oriol Amat Pdf

Detect accounting fraud before it’s too late Accounting fraud is the deliberate manipulation of accounting records in order to make a company's financial performance seem better or worse than it actually is. Accounting scandals often have catastrophic consequences for shareholders and employees. Thus, analysts and auditors must be equipped to detect accounting fraud. This book is a comprehensive guide to detecting accounting fraud for auditors investigating accounting fraud and analysts/managers seeking to prevent it. A wide variety of warning signs are described, as are several techniques for detecting and addressing fraud. Understand the motivations and warning signs behind accounting fraud Get to know how accounting fraud is done and how to detect it Avoid the losses that often come from accounting fraud Benefit from case studies throughout to that help illustrate the author's points It’s unfortunate that managers, auditors, and analysts must be wary of accounting fraud—but this book equips you with the know-how to detect it before it’s too late.