Learn financial and business lessons from some of the biggest frauds
in history
Why does financial fraud persist? History is full of sensational
financial frauds and scams. Enron was forced to declare bankruptcy after
allegations of massive accounting fraud, wiping out $78 billion in stock
market value. Bernie Madoff, the largest individual fraudster in
history, built a $65 billion Ponzi scheme that ultimately resulted in
his being sentenced to 150 years in prison. People from all walks of
life have been scammed out of their money: French and British nobility
looking to get rich quickly, farmers looking for a miracle cure for
their health ailments, several professional athletes, and some of
Hollywood's biggest stars. No one is immune from getting deceived when
money is involved. Don't Fall For It is a fascinating look into some
of the biggest financial frauds and scams ever.
This compelling book explores specific instances of financial fraud as
well as some of the most successful charlatans and hucksters of
all-time. Sharing lessons that apply to business, money management, and
investing, author Ben Carlson answers questions such as: Why do even the
most intelligent among us get taken advantage of in financial scams?
What make fraudsters successful? Why is it often harder to stay rich
than to get rich? Each chapter in examines different frauds,
perpetrators, or victims of scams. These real-life stories include
anecdotes about how these frauds were carried out and discussions of
what can be learned from these events. This engaging book:
- Explores the business and financial lessons drawn from some of
history's biggest frauds
- Describes the conditions under which fraud tends to work best
- Explains how people can avoid being scammed out of their money
- Suggests practical steps to reduce financial fraud in the future
Don't Fall For It: A Short History of Financial Scams is filled with
engrossing real-life stories and valuable insights, written for finance
professionals, investors, and general interest readers alike.
