73 min listen
The Biggest Fraud in History | Antonio Reza
The Biggest Fraud in History | Antonio Reza
ratings:
Length:
60 minutes
Released:
Nov 17, 2022
Format:
Podcast episode
Description
The ABCs of How to Commit Corporate Fraud:Step 1: Have high-up government connections.Step 2: Deal with a service so complicated that you don't need to explain it.Step 3: Transfer balances between your own entities to pump up valuations.Step 4: Payoff the accountants (or don't have a CFO at all!).Enron, WorldCom, Madoff Securities, FTX. All of these companies have had Icarus-like rises and collapses and they all followed the same playbook. Is it a coincidence that the man who returned $20 billion to Enron’s creditors will now oversee FTX through Chapter 11 bankruptcy? Today, Antonio Reza (Head of Finance for Google Cloud EMEA, ex-Microsoft Azure, ex-GE) joins James to discuss the greatest fall of them all, Enron, and its similarities to the recent plummet of FTX. Antonio's recent thread about Enron is a must-read and his Twitter account is full of similar insights.------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook
Released:
Nov 17, 2022
Format:
Podcast episode
Titles in the series (100)
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