Lying for Money

How Legendary Frauds Reveal the Workings of the World

Hardcover, 304 pages

English language

Published Feb. 24, 2022 by Scribner.

ISBN:
9781982114947

View on OpenLibrary

5 stars (1 review)

A field guide to fraud and the mechanisms by which it operates in economic systems.

Financial crime seems horribly complicated but there are only so many ways you can con someone out of what's theirs. In fact, there are four. A veteran regulatory economist and market analyst, Dan Davies has years of experience picking the bones out of some of the most famous frauds of the modern age. Now he reveals the big picture that emerges from their labyrinths of deceit.Along the way you'll find out how to fake a gold mine with a wedding ring, a file and a shotgun. You'll see how close Charles Ponzi, the king of pyramid schemes, came to acquiring his own private navy. You'll learn how fraud has shaped the entire development of the modern world economy.

7 editions

Accessible and amusing guide to financial fraud

5 stars

(Disclaimer: I've known the author through blogs and social media for a long time, though I got this book from the library) I wouldn't normally expect to find myself laughing out loud while reading about complex financial matters, but I did several times during this book. It would be very easy for this to be quite a leaden and dry tome, a financial expert explaining frauds and financial crimes to us plebs in a vaguely patronising manner. Despite a long career as a financial analyst though, Davies has kept his sense of perspective as well as his sense of humour and gives us a tour of some massive frauds to explain to us just what was going on that made them criminal as well as what tempts someone into attempting fraud. He's also refreshingly honest at talking about how analysts like him have missed frauds that were obvious in retrospect …

Subjects

  • Sociology