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How did the most trusted financial system in the world become the breeding ground for the massive corruption uncovered in the Enron and WorldCom scandals? The simple answer is greed. Greed so blinded CEOs, auditors, and even members of Congress that they allowed a gang of rogue executives to rig the game and cheat investors out of $200 billion, wiping out the life savings of many unsuspecting Americans. Written in a straightforward explanatory style, this book allows the average investor to understand the root causes of the biggest accounting frauds of the past 5 years. But understanding how these frauds took place isn't enough. The author also arms readers with the knowledge they will need to judge whether the next fantastic, fast-growing company of the new economy is a genuine business success or another Enron waiting to implode.

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Book Details

ISBN: 9781591024552
ISBN-10: 1591024552
Format: Hardback
(230mm x 155mm x 19mm)
Pages: 225
Imprint: Prometheus Books
Publisher: Prometheus Books
Publish Date: 1-Sep-2006
Country of Publication: United States

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Author Biography - Greg Farrell

Greg Farrell (Pelham, NY) is an award-winning reporter who writes about Wall Street for The Financial Times. Prior to joining the FT, he was an investigative reporter for USA Today, where he specialized in white-collar crime, legal affairs, and the regulation of corporate behavior. He is a past winner of the American Business Press's Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism.

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