Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts

Steven Hyde

Management Department

Press/Media: Public Engagement

Description

The multibillion-dollar collapse of FTX – the high-profile cryptocurrency exchange whose founder now awaits trial on fraud charges – serves as a stark reminder of the perils of deception in the financial world.

The lies from FTX founder Sam Bankman-Fried date back to the company’s very beginning, prosecutors say. He lied to customers and investors alike, it is claimed, as part of what U.S. Attorney Damian Williams has called “one of the biggest financial frauds in American history.”

How were so many people apparently fooled?

Period	27 Sep 2023

Media contributions

Title	Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts
Degree of recognition	International
Media name/outlet	The Conversation
Media type	Web
Country/Territory	United States
Date	27/09/23
Description	The multibillion-dollar collapse of FTX – the high-profile cryptocurrency exchange whose founder now awaits trial on fraud charges – serves as a stark reminder of the perils of deception in the financial world. The lies from FTX founder Sam Bankman-Fried date back to the company’s very beginning, prosecutors say. He lied to customers and investors alike, it is claimed, as part of what U.S. Attorney Damian Williams has called “one of the biggest financial frauds in American history.” How were so many people apparently fooled?
URL	https://theconversation.com/deceit-pays-dividends-how-ceo-lies-can-boost-stock-ratings-and-fool-even-respected-financial-analysts-213049
Persons	Steven Hyde

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Keywords

economy
finance
deception
leadership
business
lies
leaders