When Fragile becomes Friable : Endemic Control Fraud as a Cause of Economic Stagnation and Collapse

@inproceedings{Black2006WhenFB,
  title={When Fragile becomes Friable : Endemic Control Fraud as a Cause of Economic Stagnation and Collapse},
  author={William Black},
  year={2006}
}
Individual “control frauds” cause greater losses than all other forms of property crime combined. They are financial super-predators. Control frauds are crimes led by the head of state or CEO that use the nation or company as a fraud vehicle. Waves of “control fraud” can cause economic collapses, damage and discredit key institutions vital to good political… CONTINUE READING