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Jim Chanos & Bethany McLean on Lessons from Enron, Financial Fraud Throughout History, and the Fall of FTX, SVB & Wirecard | #479
The Meb Faber Show - Better Investing
The Fine Line Between Visionary and Fraudster
Jim Boulden: It seems inherently logical to believe that a company being private would allow it to get away with more shenanigans. But yet, yes, you have Theranos, it was a private company, then you had Wirecard, that was a public company. He says some fraudsters never get found out because they're just able to keep raising capital through the period of the fraud. "I firmly believe there is a fine line between a visionary and a fraudster," he says.
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