8min chapter

Cautionary Tales with Tim Harford cover image

The Fraudster's Guide to Magic Money

Cautionary Tales with Tim Harford

CHAPTER

The Rise and Fall of Sam Israel

This chapter explores the chaotic life of hedge fund manager Sam Israel, highlighting his struggles with addiction and deceit amid the national tragedy of September 11. It examines how his extravagant lifestyle and desperate choices lead to the unraveling of his fraudulent hedge fund, Bayou Capital, against a backdrop of personal and financial turmoil.

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