Trader's Film Library #47 · Documentary series. An encyclopedia of financial fraud, episode by episode.
Original title: American Greed · Type: documentary series · Created by: CNBC · Usefulness for traders: ★★☆☆☆
What it's about
A long-running CNBC documentary series: each episode tells the story of a different financial fraud in the US, from Ponzi schemes to price manipulation.
What it has to do with markets
The series is a catalogue of fraud schemes. Most of them start the same way: a promise of above-average returns at low risk.
Lessons for traders
fraud schemes have been repeating for decades
if you don't understand where the returns come from, don't invest
trust between friends is often exploited in frauds
The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.
