MAC Journey

Great Planet Money podcast on corporate fraud

September 2, 2011 By Katie Breeding

Since I live Greensboro, I spend A LOT of time on the highway commuting to and from school everyday. Thank goodness for podcasts because they help keep my roadrage to a minimum! My friend, Emmie Aghapour, brought this Planet Money special to my attention earlier this week because of it’s incredible relevance to two of our current classes: FR B and Audit.

NPR’s Planet Money interviews Sam Antar, former CFO of the Crazy Eddie electronics chain. He talks about committing massive fraud – skimming cash to reduce sales tax and then later using that cash to ensure the firm met the Street’s EPS targets. It’s pretty fascinating stuff coming from the felon himself!

You can download “Inside the Mind of a Financial Criminal” on the NPR website by clicking here.