Fraud in the Markets: Why it Happens and How to Fight it



BY PETER D. GOLDMANN, CFE


Description

Fraud In the Markets reveals the critical role fraud played in the global financial crisis-even as many of the perpetrators continue to go unpunished. Shedding light on the reckless conduct of the former senior executives at major Wall Street firms such as Lehman Brothers, Bear Stearns, Merrill Lynch and others just before their collapse, this timely book shows how the culture of "anything goes" on Wall Street fueled the innovation of exotic but deadly asset-backed securities. 

You will find revealing discussion of: 

  • The egregiously fraudulent lending practices that engulfed the entire US mortgage industry 
  • The brazenly deceptive marketing of asset-backed securities 
  • A road map to prevent similar disasters from recurring 

Fraud in the Markets offers forward-looking advice, with practical guidelines for protecting yourself and your company from various forms of fraud that were found to have played a role in the current economic and financial crisis.




Product Details

Copyright 2010
ISBN 978-0-470-50789-6
Hardcover, 272 pages
John Wiley & Sons

Table of Contents:


  • Chapter 1: The Fraud Culture
  • Chapter 2: The Politics of Banking Fraud
  • Chapter 3: Modern Day Financial Services Fraud (1980-2010)
  • Chapter 4: Reform, Re-Regulation, and the Persistence of Fraud
  • Chapter 5: The Real Estate Bubble and Bust: The Fraud Factor
  • Chapter 6: The Makings of a Meltdown
  • Chapter 7: Beginning of the End: Death by Derivatives
  • Chapter 8: Can the Circle be Broken?