Odd Lots

How to Spot a Fraud When Everyone's Against You


Listen Later

'Markets can stay irrational for longer than you can stay solvent' is a classic maxim for investors, but it holds true for journalists too. In this episode, we speak with the Financial Times's Dan McCrum and Paul Murphy (Tracy's old boss) about their multi-year effort to expose fraud at Wirecard, a German payments giant that went spectacularly belly-up after billions of dollars were found to have gone missing. Dan, who's just written a book about his experience called "Money Men," explains how he first spotted problems at what was once described as "Europe's greatest fintech," and how hard it was to convince others of the truth. Rather than going after Wirecard itself, German authorities went after the journalists and short-sellers who were warning of the scheme.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Odd LotsBy Bloomberg

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

1,752 ratings


More shows like Odd Lots

View all
Exchanges by Goldman Sachs

Exchanges

964 Listeners

Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,071 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

402 Listeners

Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,180 Listeners

Masters in Business by Bloomberg

Masters in Business

2,183 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

431 Listeners

Trumponomics by Bloomberg

Trumponomics

351 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,343 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

944 Listeners

Foundering by Bloomberg

Foundering

969 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

791 Listeners

Animal Spirits Podcast by The Compound

Animal Spirits Podcast

2,028 Listeners

Trillions by Bloomberg

Trillions

196 Listeners

Eye On The Market by Michael Cembalest

Eye On The Market

293 Listeners

Out of Office by Bloomberg

Out of Office

30 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

427 Listeners

Listen to the Story by Bloomberg

Listen to the Story

4 Listeners

The Big Take by Bloomberg

The Big Take

155 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

58 Listeners

Forward Guidance by Blockworks

Forward Guidance

277 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

233 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

230 Listeners

Bloomberg Tech by Bloomberg

Bloomberg Tech

64 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

85 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

83 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

396 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

19 Listeners

In the City by Bloomberg

In the City

12 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

The Cable by Bloomberg News

The Cable

2 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

154 Listeners

IVF Disrupted: The Kindbody Story by Bloomberg and  iHeartPodcasts

IVF Disrupted: The Kindbody Story

114 Listeners