From the list on big financial scams.
Who am I?
There’s something clinical and yet human about big financial crises, especially those that involve some kind of trickery or fraud. I’ve always been fascinated by this dark side of the world of money, and have been fortunate enough in my career to have had ring-side seats at a few such events in rich and poor countries. Fraud is not at the heart of the “social contrivance of money” but the monetary system is built on an edifice of trust that can all too easily be abused by scammers. From these episodes, we can learn a lot about people, credit, and society’s ways of protecting itself.
Patrick's book list on big financial scams
Discover why each book is one of Patrick's favorite books.
Why did Patrick love this book?
I found this book to be not only an astonishing story of outright fraud and theft, but one which raises unexpected questions about the nature and function of money.
A confidence trickster managed to persuade the eminent banknote printing company Waterlow to reprint and give him a large stock of Bank of Portugal escudo banknotes, which he proceeded to spend.
Learning how the scam was uncovered is fascinating in itself, but even more intriguing is the question of who lost from this scam, and by how much.
The Man Who Stole Portugal
Why should I read it?
1 author picked The Man Who Stole Portugal as one of their favorite books, and they share why you should read it.
What is this book about?
Details the story of Artur Virgilio Alves Reis, who developed an ingenious scheme to legally counterfeit Portugal's currency