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Jim Chanos on Crypto, Tech and the Golden Age of Fraud
Odd Lots
The Fraud Cycle Follows the Financial Cycle
The fraud cycle follows the financial cycle with a lag. Fraud thrives in a bull market, but it's going to be even harder to prosecute this time around. The abuse of metrics that now investors have just gotten so used to has really been a mask over business plans that will never be profitable.
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