Catching Cheats

Everyday Forensics to Unmask Business Fraud

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Backcover

Unmasking Wall Street’s Biggest Swindles: How Data Catches Corporate Criminals

In this riveting exploration of business deception, Erik Lie—the finance professor whose research triggered the largest corporate probe of the 2000s—reveals how statistical analysis can unmask systematic fraud that costs investors billions. With engaging storytelling and accessible explanations, Lie guides readers through spectacular cases of corporate wrongdoing, from the NASDAQ price-fixing conspiracy and Enron’s accounting tricks to Bernie Madoff’s impossible investment returns and the stock option backdating scandal that Lie himself uncovered. Through these real-world examples, readers learn how to spot data patterns of companies and executives engaging in financial misconduct.