Episode 17: How One Analyst Uncovered a $7 Billion Fraud
Odd Lots29 Helmi 2016

Episode 17: How One Analyst Uncovered a $7 Billion Fraud

In late 2008, as markets tanked thanks the the global financial crisis, two massive Ponzi schemes unraveled. One was the $17.5 billion fraud engineered by Bernie Madoff. The other was the smaller but no less interesting one run by R. Allen Stanford, a flamboyant Texan who lived in the small Caribbean island of Antigua and operated a bevy of companies under the Stanford brand. Best known for his involvement in the sport of cricket, Stanford soon found himself under a much less flattering spotlight -- all thanks to the work of one independent financial analyst, Alex Dalmady. This is the story of how Dalmady did a favor for a friend and then ended up uncovering a $7 billion investment fraud. Seven years after Dalmady's work set in motion the events that culminated in Stanford's downfall, we discuss the research note that spawned an international investigation and whether we can expect more such schemes to emerge in the wake of recent market upheaval.

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Jaksot(1179)

Episode 10: How the World Ended Up With a Boring Banana

Episode 10: How the World Ended Up With a Boring Banana

This week, we're taking on one of the most fragile commodities markets around. No, it's not oil (though we do get to that later in the program), it's the market for bananas. Dangerously reliant on a s...

11 Tammi 201631min

Episode 9: The 2016 Predictions Episode

Episode 9: The 2016 Predictions Episode

(Bloomberg) -- It’s a new year and a new episode of Odd Lots. Co-hosts Joe Weisenthal and Tracy Alloway have re-stoked our proverbial holiday fire, refilled our wine glasses and are ready to continue ...

4 Tammi 201622min

Episode 8: These Were Our Favorite Stories of 2015

Episode 8: These Were Our Favorite Stories of 2015

(Bloomberg) -- Gather ‘round the Odd Lots fire. Co-hosts Joe Weisenthal and Tracy Alloway have assembled a collection of Bloomberg News reporters and editors to spread holiday cheer by sharing their f...

28 Joulu 201522min

Episode 7: How One Woman Tried To Sound Housing Crash Alarm

Episode 7: How One Woman Tried To Sound Housing Crash Alarm

The film “The Big Short” has sparked lots of attention about the origins of the financial crisis and the people who saw it coming. While lot of attention is being paid to a few men who made a fortune ...

21 Joulu 201522min

Episode 6: Meet The Man Who Made Millions Trading Mules

Episode 6: Meet The Man Who Made Millions Trading Mules

This week we're thinking about what it means to be a trader in today's electronified markets and contrast it with trading in the era of horse and buggies. That's right, we're going back in time to tal...

14 Joulu 201525min

Episode 5: 6,000 Years of Interest Rates

Episode 5: 6,000 Years of Interest Rates

(Bloomberg) -- What better way to prepare for what may be the first U.S. rate hike in almost a decade than to tour 6,000 years of interest-rate history? This week, Joe and Tracy speak with NYU Stern f...

7 Joulu 201522min

Episode 4: Can a Hedge Funder Cut Prescription Drug Costs?

Episode 4: Can a Hedge Funder Cut Prescription Drug Costs?

(Bloomberg) -- Hedge-fund manager Kyle Bass has a plan that could cut the high cost of prescription drugs in the U.S. -- and make himself a lot of money. The strategy: Take short positions in a number...

30 Marras 201519min

Episode 3: The Strange Story Behind the Beanie Babies Bubble

Episode 3: The Strange Story Behind the Beanie Babies Bubble

(Bloomberg) -- Two market bubbles stand out from the late 1990s. Technology stocks that were supposed to make everyone a zillionaire. The other: A series of mass-produced stuffed animals priced at $5 ...

23 Marras 201522min

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