
Lying for Money
How Legendary Frauds Reveal the Workings of the World
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Narrated by:
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Tim Paige
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By:
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Dan Davies
About this listen
An entertaining, deeply informative explanation of how high-level financial crimes work, written “with verve and wit” (The Sunday Times, London) by an industry insider who’s an expert in the field.
The way most white-collar crime works is by manipulating institutional psychology. That means creating something that looks as much as possible like a normal set of transactions. The drama comes later, when it all unwinds.
Financial crime seems horribly complicated, but there are only so many ways you can con someone out of what’s theirs. In Lying for Money, veteran regulatory economist and market analyst Dan Davies tells the story of fraud through a genealogy of financial malfeasance, including: the Great Salad Oil swindle, the Pigeon King International fraud, the fictional British colony of Poyais in South America, the Boston Ladies’ Deposit Company, the Portuguese Banknote Affair, Theranos, and the Bre-X scam. Davies brings new insights into these schemes and shows how all frauds, current and historical, belong to one of four categories (“long firm,” counterfeiting, control fraud, and market crimes) and operate on the same basic principles. The only elements that change are the victims, the scammers, and the terminology.
Revealing some of the most famous frauds of the modern age, Davies explains how fraud has shaped the entire development of the modern world economy. For those “who like their true-crime stories laced with economics will enjoy these forays into the dark side” (Kirkus Reviews) this is a gripping and vivid look at modern market societies.
©2018 Daniel Davies. Originally published in Great Britain in 2018 by Profile Books. All rights reserved. (P)2021 Simon & Schuster, Inc. All rights reserved.Listeners also enjoyed...
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In this absorbing, smart, and accessible blend of economic and cultural history in the vein of the works of Michael Lewis and Andrew Ross Sorkin, a financial executive and CNBC contributor examines the five most significant stock market crashes in the United States over the past century, revealing how they have defined the nation today.
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A solid telling of crucial history
- By Philo on 06-17-17
By: Scott Nations
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The Money Trap
- Lost Illusions Inside the Tech Bubble
- By: Alok Sama
- Narrated by: Raza Jaffrey
- Length: 9 hrs and 31 mins
- Unabridged
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Veteran Morgan Stanley banker Alok Sama thought he'd seen it all. Then he found himself chief dealmaker at the most influential technology investor in the world—SoftBank, the backer of Arm Holdings, Yahoo, Nvidia, TikTok, Uber, T-Mobile, Alibaba and WeWork. The Money Trap is Sama’s thrilling, stranger-than-fiction personal odyssey featuring his experiences alongside SoftBank’s iconic founder, Masayoshi Son, a visionary maverick who wants to be remembered as “the crazy guy who bet on the future” and whose mission is “happiness for everyone.”
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Finally a book I can recommend
- By Fadi Awni Abu-Shamat on 01-22-25
By: Alok Sama
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Manias, Panics, and Crashes (Seventh Edition)
- A History of Financial Crises
- By: Robert Z. Aliber, Charles P. Kindleberger
- Narrated by: Alister Austin
- Length: 19 hrs and 25 mins
- Unabridged
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Manias, Panics, and Crashes is a scholarly and entertaining account of the way that mismanagement of money and credit has led to financial explosions over the centuries. This seventh edition of an investment classic has been thoroughly revised and expanded following the latest crises to hit international markets. Renowned economist Robert Z. Aliber introduces the concept that global financial crises in recent years are not independent events, but symptomatic of an inherent instability in the international system.
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Lack of theoretical underpinning
- By Dr. Terence M. Dwyer on 09-20-21
By: Robert Z. Aliber, and others
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Black Edge
- Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street
- By: Sheelah Kolhatkar
- Narrated by: Kaleo Griffith
- Length: 12 hrs and 32 mins
- Unabridged
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Steven A. Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn’t lay railroads, build factories, or invent new technologies. Rather, they made their billions through financial speculation, by placing bets in the market that turned out to be right more often than not.
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Amazing book about trading that feels like an adventure novel
- By Tim S on 05-24-18
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Default
- The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring
- By: Gregory Makoff, Lee C. Buchheit - foreword
- Narrated by: Timothy Andrés Pabon
- Length: 12 hrs and 46 mins
- Unabridged
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Default is the riveting story of Argentina's sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina's 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts.
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Delivers on promise
- By Lukk on 06-28-24
By: Gregory Makoff, and others
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The Key Man
- The True Story of How the Global Elite Was Duped by a Capitalist Fairy Tale
- By: Simon Clark, Will Louch
- Narrated by: Peter Noble
- Length: 11 hrs and 22 mins
- Unabridged
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Arif Naqvi was charismatic, inspiring, and self-made—all the qualities of a successful business leader. The founder of Abraaj, a Dubai-based private-equity firm, Naqvi was the Key Man to the global elite searching for impact investments to make money and do good. In 2018, Simon Clark and Will Louch were contacted by an anonymous whistleblower who said Naqvi had swindled investors out of hundreds of millions of dollars and offered bribes to sustain his billionaire lifestyle. In April 2019—months after their exposé broke—Naqvi was arrested on charges of fraud and racketeering.
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A great take on one of the greatest swindleds
- By Amer on 05-05-23
By: Simon Clark, and others
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Fool Me Once
- Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry
- By: Kelly Richmond Pope
- Narrated by: Diana Blue
- Length: 7 hrs and 28 mins
- Unabridged
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In Fool Me Once, renowned expert Kelly Richmond Pope shows fraud in action, uncovering what makes perps tick, victims so gullible, and whistleblowers so morally righteous, while also encouraging us to look at our own behaviors and motivations in the hopes of protecting ourselves and our companies.
By the time you finish this book, you'll have a better understanding of—and perhaps more compassion for—perpetrators; a renewed connection to victims; and an appreciation for those who blow the whistle.
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True crime lover!
- By Kelly Richmond Pope on 03-31-23
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Canada Alone
- Navigating the Post-American World
- By: Kim Richard Nossal
- Narrated by: Kyle Snyder
- Length: 5 hrs and 42 mins
- Unabridged
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Canada Alone sketches the more dystopian future that is likely to result if the illiberal, anti-democratic, and authoritarian Make America Great Again movement regains power. Under the twin stresses of a reinvigorated America First policy and the purposeful abandonment of American global leadership, the West will likely fracture, leaving Canadians all alone with an increasingly dysfunctional United States. Canada Alone outlines what Canadians will need to navigate this deeply unfamiliar post-American world.
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Tracers in the Dark
- The Global Hunt for the Crime Lords of Cryptocurrency
- By: Andy Greenberg
- Narrated by: Ari Fliakos
- Length: 10 hrs and 46 mins
- Unabridged
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Over the last decade, a single innovation has massively fueled digital black markets: cryptocurrency. Crime lords inhabiting lawless corners of the internet have operated more freely—whether in drug dealing, money laundering, or human trafficking—than their analog counterparts could have ever dreamed of. By transacting not in dollars or pounds but in currencies with anonymous ledgers, overseen by no government, beholden to no bankers, these black marketeers have sought to rob law enforcement of their chief method of cracking down on illicit finance: following the money.
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Could not put this down
- By Mike Reaves on 01-28-23
By: Andy Greenberg
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Dark Wire
- The Incredible True Story of the Largest Sting Operation Ever
- By: Joseph Cox
- Narrated by: Peter Ganim
- Length: 11 hrs and 40 mins
- Unabridged
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Beginning in 2018, a powerful app for secure communications, called Anom, began to take root among drug dealers and other criminals. It had extraordinary safeguards to keep out prying eyes--the power to quickly wipe data, voice-masking technology, and more. It was better than other apps popular among organized crime syndicates, except for one thing: it was secretly run by law enforcement. Over the next few years, the FBI, along with law enforcement partners in Australia and parts of Europe, got a front row seat to the global criminal underworld.
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Amazing story
- By Katie W. on 06-08-24
By: Joseph Cox
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Two or Three Things I Know for Sure
- By: Dorothy Allison
- Narrated by: Julie McKay
- Length: 1 hr and 52 mins
- Unabridged
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Bastard Out of Carolina, nominated for the 1992 National Book Award for fiction, introduced Dorothy Allison as one of the most passionate and gifted writers of her generation. Now, in Two or Three Things I Know for Sure, she takes a probing look at her family's history to give us a lyrical, complex memoir that explores how the gossip of one generation can become legends for the next.
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Breathtaking
- By heyblondie on 12-18-24
By: Dorothy Allison
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The Idealist
- Aaron Swartz and the Rise of Free Culture on the Internet
- By: Justin Peters
- Narrated by: Corey Brill
- Length: 9 hrs and 3 mins
- Unabridged
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A smart, lively history of the Internet free culture movement and its larger effects on society - and the life and shocking suicide of Aaron Swartz, a founding developer of Reddit and Creative Commons - from Slate correspondent Justin Peters.
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Nothing New But a Good Reminder
- By Lulu on 02-20-16
By: Justin Peters
What listeners say about Lying for Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- R. L. Cooper
- 10-31-21
Fascinating
This is some very smart analysis and history from an informed guy. Listen to get a deeper perspective on how fraud works and what generates it.
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- Anonymous User
- 06-14-24
Recurring themes very powerful examples
I very much enjoyed the parallels the author draws between schemes perpetuated throughout time to illustrate their similarities
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- Anonymous User
- 04-15-21
Not bad book. Worth listening to.
starts strong but looses something by the end. worth it for the description of how ad markets work and don't work. but is less convincing on the way they could crash in a similar way to the sub prime mortgage crash.
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- Philo
- 01-22-22
A masterpiece -- no lie!
The whole world of fraud in all shades and degrees is here. And, it is fun to listen to. The narrator has a sly, slinky, smirky tone that fits the subject like a glove. I read the print version first, and the audio is even better. The stories flow perfectly, one to another. Here is a graduate degree in fraud.
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- Ebong Eka
- 02-21-22
Very interesting book!
I enjoyed the book and how the Author detailed various financial scams and malfeasance. the narrator was very good as well and enjoyed the measured tones in his voice. You noticed it but it wasn't overwhelming nor distracting like other voices are.
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1 person found this helpful
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- irene
- 10-12-24
very thin
There's really not much here. The best I can do is call it cursory. certainly not worth a credit.
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