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How to Spot a Fraud When Everyone's Against You

How to Spot a Fraud When Everyone's Against You

FromOdd Lots


How to Spot a Fraud When Everyone's Against You

FromOdd Lots

ratings:
Length:
49 minutes
Released:
Jul 1, 2022
Format:
Podcast episode

Description

'Markets can stay irrational for longer than you can stay solvent' is a classic maxim for investors, but it holds true for journalists too. In this episode, we speak with the Financial Times's Dan McCrum and Paul Murphy (Tracy's old boss) about their multi-year effort to expose fraud at Wirecard, a German payments giant that went spectacularly belly-up after billions of dollars were found to have gone missing. Dan, who's just written a book about his experience called "Money Men," explains how he first spotted problems at what was once described as "Europe's greatest fintech," and how hard it was to convince others of the truth. Rather than going after Wirecard itself, German authorities went after the journalists and short-sellers who were warning of the scheme.

See omnystudio.com/listener for privacy information.
Released:
Jul 1, 2022
Format:
Podcast episode

Titles in the series (100)

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.