The Diary Of A Fraudster | James Brandolino Part 1

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A Note from James James Bandolino committed serious financial fraud – started a hedge fund which was a Ponzi scheme – went to jail for nine years and we really dive into the details of his fraud the psychology of it What s critical is that not all frauds have the same flavor – all frauds are bad don t get me wrong It is morally bad to be fraudulent There s a reason why he went to jail He wanted to go to jail He tried to kill himself It s amazing the story of how he failed to do that But before I give too much away we re going to discuss in detail the fraud and then tomorrow I m going to release the story of him going to jail what happened there and how he came out the other side So without further ado let s dive into the details of the fraud that James Brandolino committed Episode Description This episode delves into the life of James Brandolino a former hedge fund manager who crafted a Ponzi scheme leading to significant financial fraud Brandolino pleaded guilty to mail fraud in August 2011 and was sentenced to 107 months in prison and ordered to pay 3 865 484 in restitution It begins with an introduction to Brandolino s fraudulent activities leading to his nine-year imprisonment Altucher and Brandolino explore the psychology behind the fraud emphasizing the gradual and unintentional entry into illegal activities James Brandolino shares a detailed backstory of his trading career starting with inspiration from the movie Trading Places and his progression in the financial sector working at MF Global and creating a futures trading company Initially honest intentions led him to a Ponzi scheme when attempts to cover a minor initial loss spiraled out of control The discussion includes technical aspects of his trading strategies and the choice to commit fraud to escape from admitting failure In a dramatic turn James attempts suicide but survives leading to his voluntary surrender to authorities and incarceration Episode Summary 00 00 The Intriguing Case of James Brandolino s Financial Fraud01 48 Diving Deep into the Psychology of Fraud02 26 The Early Trading Days and the Birth of a Scheme08 28 The Slippery Slope From Legitimate Trading to Financial Fraud16 40 The Descent Amplifying the Fraud and Facing the Consequences20 35 The Personal Toll of Financial Fraud21 18 The Isolation and Stress of Financial Deception24 00 Turning to Criminal Actions for Survival25 25 The High-Risk Attempts to Recover Losses28 05 The Psychological Battle and Trading Strategies36 12 Facing the Consequences and the Brink of Despair40 09 A Failed Suicide Attempt Leads to Redemption ————What do YOU think of the show Head to nbsp JamesAltucherShow com listeners nbsp and fill out a short survey that will help us better tailor the podcast to our audience Are you interested in getting direct answers from James about your question on a podcast Go to nbsp JamesAltucherShow com AskAltucher nbsp and send in your questions to be answered on the air ————Visit nbsp Notepd com nbsp to read our idea lists amp sign up to create your own My new book nbsp Skip the Line is out Make sure you get a copy wherever books are sold Join nbsp the nbsp You Should Run for President 2 0 nbsp Facebook Group where we discuss why you should run for President I write about all my podcasts Check out the full post and learn what I learned at nbsp jamesaltuchershow com————Thank you so much for listening If you like this episode please rate review and subscribe to The James Altucher Show wherever you get your podcasts nbsp Apple PodcastsiHeart RadioSpotifyFollow me on social media YouTubeTwitterFacebookLinkedInClick here to visit this podcast episode

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