Catching Cheats
Catching Cheats
Everyday Forensics to Unmask Business Fraud
Edition: 1
Pages: 192
Publication Date: 07 October, 2025
Available in all formats
EPUB
ISBN:
9798890571397
PDF
ISBN:
9798890571380
You don't have access to this content. Please try to log in with your institution. Sign In
Foreword INDIES Book of the Year Award Finalist, 2025
A renowned researcher takes readers inside the hunt for Wall Street's biggest frauds, revealing the forensic techniques that catch corporate criminals in the act.
The world of business runs on trust, but that trust is routinely broken. From stock market manipulation to accounting fraud, corporate executives and Wall Street insiders find endless, creative ways to cheat the system. With engaging stories and compelling data analysis, Erik Lie reveals how these schemes work and how to catch them.
Through real cases such as Martha Stewart's insider trading, Bernie Madoff's Ponzi scheme, and the LIBOR rate-fixing scandal, readers will learn the following:
• Two powerful methods for detecting systematic fraud using data
• How cheaters leave behind telltale statistical patterns
• Why some of Wall Street's biggest frauds persisted for years despite red flags
• The role of whistleblowers, journalists, and researchers in exposing deception
Packed with intriguing examples and whimsical illustrations, this eye-opening guide shows how anyone can help expose corporate misconduct hiding in plain sight.
A renowned researcher takes readers inside the hunt for Wall Street's biggest frauds, revealing the forensic techniques that catch corporate criminals in the act.
The world of business runs on trust, but that trust is routinely broken. From stock market manipulation to accounting fraud, corporate executives and Wall Street insiders find endless, creative ways to cheat the system. With engaging stories and compelling data analysis, Erik Lie reveals how these schemes work and how to catch them.
Through real cases such as Martha Stewart's insider trading, Bernie Madoff's Ponzi scheme, and the LIBOR rate-fixing scandal, readers will learn the following:
• Two powerful methods for detecting systematic fraud using data
• How cheaters leave behind telltale statistical patterns
• Why some of Wall Street's biggest frauds persisted for years despite red flags
• The role of whistleblowers, journalists, and researchers in exposing deception
Packed with intriguing examples and whimsical illustrations, this eye-opening guide shows how anyone can help expose corporate misconduct hiding in plain sight.
Description
Foreword INDIES Book of the Year Award Finalist, 2025
A renowned researcher takes readers inside the hunt for Wall Street's biggest frauds, revealing the forensic techniques that catch corporate criminals in the act.
The world of business runs on trust, but that trust is routinely broken. From stock market manipulation to accounting fraud, corporate executives and Wall Street insiders find endless, creative ways to cheat the system. With engaging stories and compelling data analysis, Erik Lie reveals how these schemes work and how to catch them.
Through real cases such as Martha Stewart's insider trading, Bernie Madoff's Ponzi scheme, and the LIBOR rate-fixing scandal, readers will learn the following:
• Two powerful methods for detecting systematic fraud using data
• How cheaters leave behind telltale statistical patterns
• Why some of Wall Street's biggest frauds persisted for years despite red flags
• The role of whistleblowers, journalists, and researchers in exposing deception
Packed with intriguing examples and whimsical illustrations, this eye-opening guide shows how anyone can help expose corporate misconduct hiding in plain sight.
A renowned researcher takes readers inside the hunt for Wall Street's biggest frauds, revealing the forensic techniques that catch corporate criminals in the act.
The world of business runs on trust, but that trust is routinely broken. From stock market manipulation to accounting fraud, corporate executives and Wall Street insiders find endless, creative ways to cheat the system. With engaging stories and compelling data analysis, Erik Lie reveals how these schemes work and how to catch them.
Through real cases such as Martha Stewart's insider trading, Bernie Madoff's Ponzi scheme, and the LIBOR rate-fixing scandal, readers will learn the following:
• Two powerful methods for detecting systematic fraud using data
• How cheaters leave behind telltale statistical patterns
• Why some of Wall Street's biggest frauds persisted for years despite red flags
• The role of whistleblowers, journalists, and researchers in exposing deception
Packed with intriguing examples and whimsical illustrations, this eye-opening guide shows how anyone can help expose corporate misconduct hiding in plain sight.
Table of contents
- Cover
- Title Page
- Copyright Page
- Dedication
- Contents
- Preface
- 1. An Introduction to Forensic Methods
- 2. Salami Slicing: Collusion in the Stock Market
- 3. The Midnight Maneuver: Late Trading in Mutual Funds
- 4. The Mirage of Hedge Fund Performance
- 5. Financial Façades: Earnings Management and Accounting Manipulation
- 6. Insider Trading: When Secrets Pay Dividends
- 7. Banking’s Biggest Bluff: The LIBOR Manipulation
- 8. Hindsight Is 20/20: The Stock Option Backdating Saga
- Epilogue
- Notes
- References
- Acknowledgments
- Index
- About the Author
Review quote
“Lie masterfully navigates the twists and turns of the most explosive frauds in recent history while also offering a compelling guide to readers as to how to uncover those next to come themselves.”
-Lauren Cohen, LE Simmons Professor, Harvard Business School
“This book is both a fun read and a cautionary tale about the importance of skepticism and curiosity in the financial world.”
-David Yermack, Albert Fingerhut Professor of Finance and Business Transformation, NYU
“Lie's book turns the thrill of forensic sleuthing into a fun and captivating read-a must-read for anyone wanting to outsmart financial fraudsters!”
-Colleen Honigsberg, Bernard Bergreen Faculty Scholar and Professor of Law, Stanford University
“Fasten your seatbelt as Lie takes you on a wild ride through stories of financial fraud-this is real-world CSI, grounded in academic rigor but told in a breezy and compelling manner.”
-Jonathan Karpoff, Washington Mutual Endowed Chair in Innovation and Professor of Finance, University of Washington
“This book shows how data and tools of forensic economics and finance can be used to catch the cheats-an eye-opening look at the darker corners of Wall Street and elsewhere.”
-John Griffin, James A. Elkins Centennial Chair in Finance, University of Texas
-Lauren Cohen, LE Simmons Professor, Harvard Business School
“This book is both a fun read and a cautionary tale about the importance of skepticism and curiosity in the financial world.”
-David Yermack, Albert Fingerhut Professor of Finance and Business Transformation, NYU
“Lie's book turns the thrill of forensic sleuthing into a fun and captivating read-a must-read for anyone wanting to outsmart financial fraudsters!”
-Colleen Honigsberg, Bernard Bergreen Faculty Scholar and Professor of Law, Stanford University
“Fasten your seatbelt as Lie takes you on a wild ride through stories of financial fraud-this is real-world CSI, grounded in academic rigor but told in a breezy and compelling manner.”
-Jonathan Karpoff, Washington Mutual Endowed Chair in Innovation and Professor of Finance, University of Washington
“This book shows how data and tools of forensic economics and finance can be used to catch the cheats-an eye-opening look at the darker corners of Wall Street and elsewhere.”
-John Griffin, James A. Elkins Centennial Chair in Finance, University of Texas
Similar titles
