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

Research output: Contribution to journalArticlepeer-review

Abstract

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?
Original languageAmerican English
JournalThe Conversation
StatePublished - 27 Sep 2023

Keywords

  • business
  • deception
  • economy
  • finance
  • leadership
  • lies

EGS Disciplines

  • Business Administration, Management, and Operations

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