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Cautionary Tales will probably be LIVE on stage in London 21 Could 2024. Tickets are on sale now.
Sam Israel had an issue. The traders in his hedge fund, Bayou Capital, have been anticipating spectacular returns. Sam himself had spent years proclaiming the fund’s sensible outcomes. In actuality, Sam had been marking his personal homework, publishing fraudulent accounts and utilizing these to lure in new traders.
What to do? Properly, the logical factor after all: wait round for a unprecedented worthwhile streak, and within the meantime sustain the ruse…
This episode of Cautionary Tales was recorded stay on the Bristol Pageant of Economics and research three unbelievable funding scams. How do pyramid and ponzi schemes snowball uncontrolled, flattening sufferer and fraudster alike?.
The primary-hand account of the Girls Empowering Girls pyramid scheme is Julia Stephenson’s “Damaged Hearts Membership… or how my Sloaney buddies and I fell for the oldest trick within the e-book”, printed within the Mail on Sunday on 1 June 2003.
Daniel Davies’s fantastic e-book Mendacity for Cash describes each the snowball impact and the Women Deposit Firm scheme.
And we may barely scratch the floor of Sam Israel’s disappearance right into a whirlpool of conspiracy theories. The unbelievable story is vividly advised in Man Lawson’s e-book, Octopus.
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