
Bronte Capital co-founder & Investment Officer John Hempton on why he follows corporate fraudsters & short sells shares; and why he was right about Europe’s big stock fraud, Wirecard, but HOW he still lost money on it.
Build It. They'll Come.
Unmasking Corporate Deceit
This chapter explores the manipulation of financial markets through fictitious profits and fraudulent share dealings, illustrating significant cases like Alan Bond and Wirecard. It emphasizes the failures of regulators and auditors in detecting corporate fraud and warns about the dangers of uninformed investments. The discussion also highlights the urgent need for reform and the complexities of differentiating between genuine incompetence and deliberate fraud.
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