meta_pixel
Tapesearch Logo
Log in
The James Altucher Show

Fraudsters Unveiled: Inside the Minds of Intentional, Righteous, and Accidental Perpetrators | Kelly Richmond-Pope

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 14 March 2023

⏱️ 64 minutes

🧾️ Download transcript

Summary

Today, James welcomes Kelly Richmond-Pope, a forensic accountant and professor at DePaul University, to discuss her new book Fool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry.The book explores the world of financial fraud and provides insights into how fraudsters operate, the damage they cause, and the techniques used to catch them. James and Kelly dive into some examples from the book to examine the three types of financial fraudsters: Intentional Perpetrators, Righteous Perpetrators, and Accidental Perpetrators.Intentional Perpetrators are those who knowingly commit fraud for personal gain. Kelly shares some fascinating stories about individuals who engaged in elaborate schemes to defraud others, including the city comptroller of Dixon, IL (population: 16,000) who embezzled over $53.7m from the town's coffers.Righteous Perpetrators, on the other hand, believe that they are acting in the best interest of others when they commit fraud. Kelly provides examples of individuals who embezzled funds from their companies to support their personal causes, such as a woman who stole money from her slumlord boss to benefit her community.Lastly, Accidental Perpetrators are those who unknowingly commit fraud. Kelly discusses cases where people unintentionally misrepresent their financial statements or fail to report income accurately, resulting in unintentional fraud.Throughout the episode, James and Kelly also explore some of the broader issues surrounding financial fraud, and the importance of education in preventing fraud.  Don't miss this captivating episode if you're curious about the fascinating world of finance, fraud, and forensics. Kelly Richmond Pope's WebsiteFool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud IndustryWatch her documentary All the Queen's Horses on Prime Video------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 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 jamesaltucher.com/podcast.------------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: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners 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 JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 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 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: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

I had so much fun on this podcast.

0:09.8

I had on Kelly Richmond Pope author of Full Me Once and she's one of the world's experts

0:16.4

on financial fraud and scams and how there's basically a trillion dollars worth of fraud

0:22.8

that's happening out there and we got into very deep specifics about all these frauds.

0:28.4

I mean, there's probably trillionaires out there who have just lived off of massive frauds

0:34.9

for generations.

0:36.7

I don't even know what's going to happen.

0:37.7

It's scary.

0:38.7

It's scary what is out there right now.

0:41.1

And so Kelly Richmond Pope and I do a deep dive on all the frauds you need to know about

0:46.9

actually because you want to avoid them.

0:48.9

And I really felt sorry for a lot of people, but it's a good wake up call and here it is.

0:58.4

I think your average business podcast and he's not your average host.

1:02.9

This is the James Altiger show.

1:05.4

Yeah, I got rejected by Bernie Madoff back in the day.

1:17.0

But like I said today, he's the real reject, not you.

1:20.1

Are you?

1:21.1

That's true.

1:22.1

I mean, very bad things happen to him.

1:24.0

But you know, at the time, everybody says afterwards that, oh, we always knew he was a fraud.

1:30.5

But I remember as I was literally going up the steps of the building to meet him, every

1:36.3

hedge fund manager was calling me and saying, hey, how can we get in his fund or try to figure

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from James Altucher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of James Altucher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.