Cautionary Tales Presents: Death Fraud and Other Risky Business
Cautionary Tales with Tim Harford
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The Downfall of Sam Israel III
This chapter explores the rise and fall of Sam Israel III, a hedge fund manager whose pursuit of success led him to orchestrate a notorious Ponzi scheme through his firm, Bayou Capital. It examines the psychological traits of con artists and the tragic lengths individuals may go to in order to evade the consequences of their fraud.
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