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The Biggest Fraud in History | Antonio Reza

The Biggest Fraud in History | Antonio Reza

FromThe James Altucher Show


The Biggest Fraud in History | Antonio Reza

FromThe James Altucher Show

ratings:
Length:
60 minutes
Released:
Nov 17, 2022
Format:
Podcast episode

Description

The ABCs of How to Commit Corporate Fraud:Step 1: Have high-up government connections.Step 2: Deal with a service so complicated that you don't need to explain it.Step 3: Transfer balances between your own entities to pump up valuations.Step 4: Payoff the accountants (or don't have a CFO at all!).Enron, WorldCom, Madoff Securities, FTX. All of these companies have had Icarus-like rises and collapses and they all followed the same playbook. Is it a coincidence that the man who returned $20 billion to Enron’s creditors will now oversee FTX through Chapter 11 bankruptcy? Today, Antonio Reza (Head of Finance for Google Cloud EMEA, ex-Microsoft Azure, ex-GE) joins James to discuss the greatest fall of them all, Enron, and its similarities to the recent plummet of FTX. Antonio's recent thread about Enron is a must-read and his Twitter account is full of similar insights.------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook 
Released:
Nov 17, 2022
Format:
Podcast episode

Titles in the series (100)

James Altucher interviews the world’s leading peak performers in every area of life. But instead of giving you the typical success story, James digs deeper to find the “Choose Yourself” story—these are the moments we relate to… when someone rises up from personal struggle to reinvent themselves. The James Altucher Show brings you into the lives of peak-performers: billionaires, best-selling authors, rappers, astronauts, athletes, comedians, actors, and the world champions in every field, all who forged their own paths, found financial freedom and harnessed the power to create more meaningful and fulfilling lives.