9min chapter

Odd Lots cover image

Jim Chanos on Crypto, Tech and the Golden Age of Fraud

Odd Lots

CHAPTER

Fraud Dynamics in Economic Cycles

This chapter examines how fraud schemes proliferate during economic booms and are often revealed during downturns, particularly in Silicon Valley's share-based compensation practices. It discusses the cyclical nature of financial reporting and the implications for corporate governance and investor trust amid declining stock prices.

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