35 episodes

An exploration of fraud and white collar crime. Your host is Gene P. Tausk of The Tausk Law Firm in Houston, TX. We will discuss various aspects of fraud and white collar crime involving fraud including: legal, historical, the personalities involved, law enforcement responses and the victims of fraud. Inquiries for future podcast subjects always welcome.

Introduction and exit music: Dark Hallway (clean) Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/

White Collar Crime and Fraud Podcast Gene Tausk

    • True Crime
    • 4.8 • 12 Ratings

An exploration of fraud and white collar crime. Your host is Gene P. Tausk of The Tausk Law Firm in Houston, TX. We will discuss various aspects of fraud and white collar crime involving fraud including: legal, historical, the personalities involved, law enforcement responses and the victims of fraud. Inquiries for future podcast subjects always welcome.

Introduction and exit music: Dark Hallway (clean) Kevin MacLeod (incompetech.com). Licensed under Creative Commons: By Attribution 3.0 License. http://creativecommons.org/licenses/by/3.0/

    Season 2, Episode 16: The Rise and Fall of Elizabeth Holmes and Theranos

    Season 2, Episode 16: The Rise and Fall of Elizabeth Holmes and Theranos

    Elizabeth Holmes is a direct descendent of Charles Louis Fleischmann, a Hungarian immigrant who founded the Fleischmann's Yeast Company.  She attended Stanford University, studied chemical engineering and had a background in working in biotechnology.  In 2003, Holmes started Theranos corporation ("Theranos" is a combination of the words "therapy" and "diagnosis.")  which claimed it was developing a way to conduct blood tests from a few drops of blood from a pinprick rather than having to use the large quantities of blood that are normally required for such tests.  Such an innovation would represent a tremendous leap forward in the ability to conduct testing as well as make the lives of patients' far easier.  It would be a breakthrough.

    Unfortunately, the technology did not exist.

    Theranos was valued at $9 billion in 2015.  A year later, it was valued at 0.

    Elizabeth Holmes was charged with multiple counts of wire fraud and conspiracy to commit wire fraud in 2018.  She was found guilty on several counts in January, 2022 and sentenced to more than 11 years in Federal prison.

    Basic rule of investing: caveat emptor.  

    Opening and Closing Music:

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    • 32 min
    The Halloween Episode - Season 2, Episode 15 - the NXIVM Cult and White Collar Crime

    The Halloween Episode - Season 2, Episode 15 - the NXIVM Cult and White Collar Crime

    In 2020, Keith Raniere, the founder and leader of NXIVM, was sentenced to 120 years for multiple crimes including sex trafficking and racketeering.  His organization, NXIVM, began as a "self-help" and "self-development" organization that supposedly provided programs for self-improvement for people.  However, by 2018, many people including India Oxenberg, daughter of actors Catherine Oxenberg and Casper Van Diehn accused NEXIVM and Raniere of being an organization that engaged in fear and terror tactics to control individuals.  Raniere was also accused of, and eventually convicted of, white-collar crimes such as racketeering.  Even by cult standards, NXIVM stands out as a warning regarding cults of personality.  In this episode, right on time for Halloween, we discuss NXIVM and white-collar crime.  



    Opening and Closing Music:

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    • 31 min
    Season 2 Episode 14 - The Fraud Triangle

    Season 2 Episode 14 - The Fraud Triangle

    The Fraud Triangle is a very powerful tool used by fraud investigators and anti-fraud professionals in helping to determine how fraud occurs and looking for possible behaviors where fraud is involved.  In this episode, we examine the Fraud Triangle.  



    Opening and Closing Music:

    Penguin music - ModernChillout - Background Music [NCS Release]


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    • 30 min
    Season 2 Episode 13 - The EXCITEMENT Factor!

    Season 2 Episode 13 - The EXCITEMENT Factor!

    Excitement is a core human emotion.  We like the feeling of excitement.  Excitement invokes a visceral influence which can make life enjoyable, at least certain parts of it.  But white collar criminals and fraudsters are also aware of how powerful an emotion is excitement and, more importantly to them, how it can break down our ability to think rationally and critically analyze details.  For a fraudster, this means that a person who might not normally invest money in a project may just do so if he or she is excited about it. 



    Opening and Closing Music:

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    • 29 min
    Season 2 Episode 12: Why is Iceland called "Iceland" and Greenland called "Greenland?"

    Season 2 Episode 12: Why is Iceland called "Iceland" and Greenland called "Greenland?"

    Look at a map of the world.  Now look at the country of Iceland and the island of Greenland (the largest island in the world).  Iceland has some glaciers but, by and large, it is warmed by geothermal energy and is a nice place to live and has been a nice place to live for over a thousand years.  But we call it "ICE-land."  Greenland, however, is covered by a massive glacier and European settlement of the island was sparse at best because it is unsuitable for farming or large-scale settlement.  But we call it "GREEN-land."

    Believe it or not, these names were part of the first land frauds in history.  We examine other land fraud schemes from history as well in this podcast.

    Opening and Closing Music:

    Penguin music - ModernChillout - Background Music [NCS Release]




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    • 29 min
    Season 2, Episode 11: The SHELL GAME!!!

    Season 2, Episode 11: The SHELL GAME!!!

    I apologize to my listeners for the long delay between episodes.  Work has been very demanding recently and, in addition, I went on a family trip to the United Kingdom.  While I was in London, I was amazed to find shell games and three-card monte games on the streets of London.  These games are literally thousands of years old and the operator of these games can make certain that the players do not win.  What is the appeal of these games in the modern world?  We try and find some answers.



    Opening and Closing Music:

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    • 24 min

Customer Reviews

4.8 out of 5
12 Ratings

12 Ratings

MCVKW ,

Great

Very knowledgeable and easy to listen to.

Pc@pfg ,

Insightful

Thank you for covering this topic and its toll on the psychological, emotional, social, and financial.

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