PONZI REGULATION Myth vs. Reality in Fighting Financial Fraud - Paperback

by Chidem Kurdas (Author)

Politicians and government bureaucrats make empty promises, just like financial charlatans. A regulatory system based on a potent political vision pledged to correct Wall Street's failures. Instead it has worsened the failures and victimized those it was supposed to protect. Using examples of people being flagrantly defrauded, Ponzi Regulation shows how financial schemes and their destructive effects persist through boom and bust, encouraged by public policies. Investors suffer while officials violate their mission. This is a tale of strong characters, intricate schemes and massive unintended consequences. Against the ugly realities, regulation against financial fraud emerges as useless at best and a corrupt sham at worst. Whether you are interested in finance and investing or the law and politics, you will get a lot from Ponzi Regulation. And if your money is in a pension or account managed professionally, this is the book you need to understand how the system works and better protect yourself. This is a revised edition. The e-book version was first published in December 2013.

Author Biography

Chidem Kurdas is a financial journalist and economist who has written about fraud cases, regulation and hedge funds since 2000. Her publications include an influential 2009 paper, "Does Regulation Prevent Fraud? The Case of Manhattan Hedge Fund," in The Independent Review, and a 2012 book, Political Sticky Wicket: The Untouchable Ponzi Scheme of Allen Stanford. Her blog, www.HedgeFundSmarts.com, regularly breaks news. She holds a graduate degree in economics and has been a visiting scholar at New York University, research analyst at Thomson Reuters and New York bureau chief at HedgeWorld.