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Real Vision: Finance & Investing

Legal Fraud vs. Intellectual Fraud: The Growing Challenges Activist Short Sellers Face

Feb 5, 2021
Carson Block discusses legal vs. intellectual fraud, the GameStop short squeeze, and challenges faced by activist short sellers. They delve into the impact of unethical behavior on market integrity, analyze the GameStop saga, and explore market plumbing in high volatility situations. Block also shares insights from investigating American Tower in 2013 and the strategic implications of short activism.
46:47

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Intellectual fraud exploits loopholes, while legal fraud involves clear line-crossing in corporate practices.
  • Growing challenges for activist short sellers stem from market structure changes and distinctions between legal and intellectual fraud.

Deep dives

The Impact of Market Mania and Social Media on Financial Fraud

The podcast discusses the impact of market mania and social media on financial fraud detection. With examples like GameStop's volatility, the discussion delves into how a vacuum in traditional media has empowered social media to influence financial decisions. The speaker highlights the risks of reducing complexity in financial systems amidst an era of heightened financialization and media atomization during lockdowns.

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