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Don't Fall for It A Short History of Financial Scams

Don't Fall for It: A Short History of Financial Scams

By Ben Carlson

"Why does financial fraud persist. Why do rich people get taken advantage of in financial scams. Who are some of the most successful charlatans and hucksters of all-time and why were they so successful. What are the financial and business lessons we can learn from some of the biggest frauds in history. What are the conditions under which fraud tends to work best.

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Book Information

Publisher: Wiley
Publish Date: 01/02/2020
Pages: 192
ISBN-13: 9781119605164
ISBN-10: 1119605164
Language: Eng

Full Description

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.

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