Erik Lie is a professor of finance at the University of Iowa and has been teaching for twenty-five years. In 2002, he began researching executive compensation, and using large databases, he documented strong patterns of manipulation of stock option grants. He brought them to the attention of the SEC and Wall Street Journal, which resulted in a massive SEC investigation, numerous lawsuits, congressional hearings, the firings of at least seventy corporate executives, and a Pulitzer Prize for Public Service for the Wall Street Journal. In 2007, Time magazine included him in its list of the 100 most influential people in the world.
“Lie masterfully navigates the twists and turns of the most explosive frauds in recent history while also offering a compelling guide to readers as to how to uncover those next to come themselves.” —Lauren Cohen, LE Simmons Professor, Harvard Business School “This book is both a fun read and a cautionary tale about the importance of skepticism and curiosity in the financial world.” —David Yermack, Albert Fingerhut Professor of Finance and Business Transformation, NYU “Lie’s book turns the thrill of forensic sleuthing into a fun and captivating read—a must-read for anyone wanting to outsmart financial fraudsters!” —Colleen Honigsberg, Bernard Bergreen Faculty Scholar and Professor of Law, Stanford University “Fasten your seatbelt as Lie takes you on a wild ride through stories of financial fraud—this is real-world CSI, grounded in academic rigor but told in a breezy and compelling manner.” —Jonathan Karpoff, Washington Mutual Endowed Chair in Innovation and Professor of Finance, University of Washington “This book shows how data and tools of forensic economics and finance can be used to catch the cheats—an eye-opening look at the darker corners of Wall Street and elsewhere.” —John Griffin, James A. Elkins Centennial Chair in Finance, University of Texas