Skip to main content
Contribution to Book
Responding to Deception: The Case of Fraud in Financial Markets
Deception: From Ancient Empires to Internet Dating (2009)
  • Elisabeth Brooke Harrington, Copenhagen Business School
Abstract

The economic history of the 21st century reads like a litany of Biblical plagues: instead of locusts,frogs and boils, we have Enron, WorldCom and Tyco, followed by the options-backdating scandal, and now the sub-prime mortgage meltdown. It is perhaps even more disheartening to realize that American investors are still in much the same position as Emerson was over 150 years ago: dismayed to find themselves on the receiving end of deceptive corporate practices. BusinessWeek summed up this crisis in financial markets with the headline: “Can You Trust Anybody Anymore?”

Keywords
  • financial fraud; investment clubs; markets; small group behavior
Publication Date
2009
Editor
Brooke Harrington
Publisher
Stanford University Press
Citation Information
Harrington, Brooke. 2009. "Responding to Deception: The Case of Fraud in Financial Markets." Pp. 236-253 in Brooke Harrington (Ed.), Deception: From Ancient Empires to Internet Dating. Stanford, CA: Stanford University Press. Available at: http://works.bepress.com/brooke_harrington/23