James Randallino started a hedge fund which was a fraud, a ponzi scheme, all the illegal activity, how he went from civil to criminal.

We really dive in to the details of his fraud, the psychology of it.

Like what's critical is that not all frauds have the same flavor.

All frauds are bad, don't get me wrong.

It is morally bad to do a fraud.

It is, there's a reason why he went to jail.

He wanted to go to jail.

He tried to kill himself and it's amazing the story of how he failed to do that.

But before I give too much away, we're going to discuss in detail the fraud,

and then tomorrow I'm going to release the story of him going to jail, what happened there and how he came out the other side.

Let's dive into the details of the fraud that James Brandelino committed. average business podcast and he's not your average host. This is the James Altiger show. James, thanks so much for coming on the show and you're going to describe your story in a moment, but when I was reading your story, so I was running a hedge fund that I had

started from scratch around the same time as you were yes I could totally

understand what was going through your mind and why you did what you did and of course the

eventual outcome.

But maybe in your words describe what happened.

And again, I appreciate you coming on the show.

It's very interesting and it's very interesting lesson

about the psychology of fraud.

Yeah, the psychology of fraud, James, and really how fast things happen, you know, most

investment fraud does not start out as investment fraud.

I think that's probably where I want to start first you know most people don't

wake up one one morning working at Amazon and say you know I want to steal

...