Why We Trust Fraudsters!
Patrick Boyle On Finance
00:00
The 10 Commandments for Con Men by Victor Lustig
Sequoia seemed to be aware of a number of the red flags at FTX as they wrote them up on their own website with a positive spin. The problems with FTX were not just fraud, there was gross incompetence and hubris that should have stood out to investors too. Victor Lustig's 10 commandments for con men? Maybe they'll help us to spot frauds. I'd love to hear your suggestions of red flags to look out for in the comments section below.
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