The history of the financial industry has a number of these but the Satoshi scheme obsoletes them all; it is the standard against which all future fraud prions should be judged.
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You should really, really read Lying for Money. See for example this passage about “distributed control frauds” where a fraudulent enterprise comes to exist through independent decisions made by people with clean hands as a result of not-obviously-fraudulent incentive structures.pic.twitter.com/xiEFmClYCi
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I’ll save you a Google for the book: https://www.amazon.com/gp/aw/d/178816217X/ref=tmm_pap_title_0?ie=UTF8&qid=1534838023&sr=8-1 … (also available from publisher in Kindle format if Amazon won’t sell it to you due to licensing restrictions)
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My eyes skipped over the dots and hyphen to shock me into thinking Amazon was corrupt.
pic.twitter.com/vty8ryCT6U
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That's the Wells Fargo scandal. To a tee.
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Sounds like every sales bonus structure in existence
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This so closely tracks what I remember reading about Wells Fargo. Does it also include a section for how even if they are ever penalized, it's a fraction of the profit they made from it?
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i'm reminded of the movie TrainingDay - it's now what you know, it's what you can prove =0
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