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The Wall Street MBA, Second Edition, 2nd Edition by Reuben Advani

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Chapter | 5FRAUD AND MANIPULATION

In the late 1980s, a musical duo captivated the hearts of millions. With catchy beats, clever lyrics, and dazzling good looks, they kept young adults singing and dancing around the world. In addition to selling millions of albums, they won a Grammy. Yet every now and then, something just did not seem right. Suspicions arose that perhaps they were not actually singing during their concerts. But as they continued to sell albums, many fans cast aside their doubts. Eventually, the truth surfaced that not only were these performers lip-synching in their concerts, they were lip-synching on their albums as well!

Nearly a decade later, corporate America was enjoying the fruits of the greatest bull market ever. Soaring ...

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