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The Fraud Premium

Tom Winnifrith Saturday 27 June 2020

 

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We live in crazy times.  What is the difference in value between a company that says it is insolvent and one that has not formally admitted it but admits that its financial records are fiction and whose CEO has been arrested? The answer $170 million. And the fraud is apparently worth more!

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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Time to order my father’s last book! Nobody's Kingdom, a history of Northern Albania

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