15min chapter

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#409 – Matthew Cox: FBI Most Wanted Con Man – $55 Million in Bank Fraud

Lex Fridman Podcast

CHAPTER

The Difficulty of Committing Fraud and Safeguards in the Banking Industry

This chapter discusses the challenges of committing fraud in the banking industry due to the stringent safeguards and requirements set up by banks and financial institutions. It highlights the checks and documentation that individuals have to provide when obtaining loans or mortgages, emphasizing that misrepresentation constitutes fraud.

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