Financial Times
Feb 26, 2023 - 41 min
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Why Silicon Valley falls for frauds
15 mins | Oct 14, 2023
FTX's Sam Bankman-Fried will stand trial for overseeing fraud that sucked in high-profile investors and hundreds of thousands of clients. Why do intelligent people buy into bad companies? Peter Guest reflects on the industry's susceptibility to scams due to a combination of neomania, technobabble, and hubris. Read by Michael Satow.
