Loading transcript...
Click for full transcript
Chapters & Sections (115)
▼
3:05
Background and Qualifications
3:36
Job Opportunity at MCI
4:08
Accounts Receivable Management
5:09
Telecom Infrastructure and Leasing (continued)
6:11
Unique Products and High Margins
6:42
Competition and Unique Services
7:13
High-Profit Business Model
8:14
Collecting Money from Small Telecom Companies
9:16
How the scam works and its profitability
10:19
Bodegas and the calling card business
10:51
Caribbean Telephone's unique sales approach and financial issues
11:52
Consequences of Bad Debt and the Need to Keep Customers Alive
12:23
Abandoning a Company and Starting Over with MCI
12:54
Aggressive Sales Practices and Commission-Based Incentives
13:25
Accounting Issues with Unpaid Debt and Accrual Basis
14:28
Concealing Financial Reality and the Impending Judgment Day
14:59
The Decision to Keep the Acquisition a Secret from Shareholders
15:29
Incentivizing Employees through Stock Options and Cooking the Books
16:02
Manipulating Financial Records to Appear Solvent
16:32
Transferring Debt and Creating the Appearance of Assets
17:34
Realizing the Financial Challenges and Seeking Solutions
18:05
Recognizing Fraudulent Activity
18:35
Accounting Confusion and Misunderstanding
19:05
Creative Accounting Solutions
20:38
Feeling Confused and Pressured to Conform
21:08
Realizing the Unacceptability of Certain Behaviors
21:39
MCI's Revolutionary Impact on the Phone Industry
23:44
Comparison of Telecom and Housing Markets to Cryptocurrency
24:16
Scams in the Telecom Industry and Their Impact on Business
24:46
Consequences of Allowing Unreliable Carriers and the Need for Tighter Credit Policy
25:18
The Difficulty of Dealing with Unreliable Carriers and the Impact on Revenue
26:50
Concerns about Financial Situation and Boss's Departure
27:21
Discussion of Bad Debt Budget and Financial Challenges
27:52
Managing Financial Situation and Pressure to Hide Numbers
28:53
Seeking Help and Escaping the Financial Crisis
29:53
Meeting Harold Mann and Considering a Job
30:26
Discussing Numbers with Harold Mann
30:56
Harold's Plan to Make Money
31:56
Evolution of Stealing and Pressure on a Customer
32:27
Picking a Difficult Company to Target
32:58
Unpaid Taxes and Financial Issues
33:29
Angel Investor's Proposal and Due Diligence
34:00
Loan Terms and Conditions
34:31
Financial Discrepancies and Invoicing
36:05
Convincing a Customer to Take the Money
36:37
Growing the Scam and Earning Millions
37:08
Feeling Guilty but Justifying the Actions
38:09
Stopping the Scam and Consequences
38:39
Discussing Work Requisitions and Audit Issues
39:11
Fraud Account Discovery and Quitting Job
39:42
Stock Options and Company Purchase
40:13
Internal Investigations and Legal Issues
41:46
Confusion Over Carrier Losses
42:16
Net Number and Cooperation with Authorities
42:47
Merger and Write-Off Announcement
43:18
British Telecom's Involvement and WorldCom's Acquisition of MCI
44:50
Discovery of Accounting Fraud
45:22
Consequences and Sentencing
46:24
Bernie Ebbers' Sentence and Death
47:28
Early Life and Career of Bernie Ebbers
47:59
Entrepreneurial Ventures and WorldCom Acquisition
48:31
Unusual Spending Habits of Wealthy Individuals
49:33
Comparison to Sarah Palin's Jet Sale
50:03
Federal Sentencing Guidelines and Justice Department Tactics
51:35
Bernie Madoff Example of Regulatory Failure
52:07
Pressure on Businesses to Play by the Rules
53:09
Fraud and Regulatory Constraints
53:40
Regulatory Limitations and Inaction
54:11
FBI Involvement and Prison Life
54:43
Prison Sentence and Release
55:13
Post-Release Life and Consulting Work
55:43
FBI Contact and Unexpected Opportunity
56:14
Training FBI Agents on Enron and Worldcom Task Force
57:17
FBI Connection and Speaking Engagements
58:19
Career Transition and Writing for Forbes
59:51
Prison Experience and Storytelling
1:00:22
The Author's Realization and Connection with a Con Man
1:01:24
The Author's Inspiration from a Real-Life Story
1:01:54
The Author's Plans and Connection with an Agent
1:03:26
Reporter's Role and Public Information Officer
1:04:59
Villainization of Defendants in Media
1:06:03
Inaccurate Portrayal of Crimes and Victims
1:06:35
The Importance of Transparency in Storytelling
1:07:06
Insider Trading and Unfair Sentencing Guidelines
1:07:37
Inconsistent Justice and the Consequences of Heroin Dealing
1:09:08
Unintended Consequences of White Collar Crime
1:09:39
Bank Fraud and Indictment
1:10:11
Consequences of Not Following Rules
3h 45m⏭ 2
2h 20m⏭ 1
1h 49m⏭ 2
2h 15m⏭ 4
2h 11m⏭ 2
2h 28m⏭ 1
2h 54m⏭ 3
2h 23m⏭ 2
2h 32m⏭ 3
2h 24m⏭ 2
1h 43m⏭ 2
2h 1m⏭ 1
1h 6m⏭ 1
1h 18m⏭ 4
1h 6m⏭ 3
2h 0m⏭ 2
1h 14m⏭ 2
38m
1h 9m⏭ 3
2h 37m⏭ 2
1h 14m⏭ 1
1h 17m
2h 53m⏭ 1
1h 1m