The Extraordinary Relevance of Barak's Theft of a Nation

TL;DRAbstract

Richly detailed and analytic, Gregg Barak's (2012) Theft of a Nation, draws us into the world of the financial crises that plague America, and affect the world through the global economy. In recent decades, the recurrence of prominent financial crimes has served as signs of the larger economic crisis that loom around the world. Examples of these egregious crimes include: Bernie Madoff's two- decade long Ponzi scheme; illegal investments made by Stanford International Bank with depositors' resources; revenue manipulations by Bernie Ebbers at WorldCom; financial crimes of individuals like Yasuo Hamanaka, Nick Leeson, and Kweku Adoboli, labeled as rogue traders to cover up any notion that these kind of illegal trading activities are routine; and the well-organized financial crimes of Ken Lay, late CEO of Enron and accounting firm, Arthur Anderson. These examples are the tip of the iceberg of financial crime and fraud. In 2002, the Association of Certified Fraud Examiners estimated that wh

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