Whenever a major financial fraud is uncovered, a wide range of different types of people have usually lost a lot — either their life savings or millions or even billions of dollars. Of course, hindsight is 20/20, but there's no denying that analyzing fraud afterward can provide some important lessons.
At the Morningstar Investment Conference on Wednesday, Zeke Faux of Bloomberg and Bethany McLean of Vanity Fair jointed Todd Trubey of Morningstar to discuss the 21st century's greatest financial frauds. Among the many topics that came up was a discussion of why the current environment is perfect for, as Jim Chanos called it, "the golden age of fraud."
"Number-go-up technology"
Trubey started by asking Faux about the title of his...
