01Texas 2 min read
The mechanics of trust
Stanford: the assets behind the certificate
The promise of ready access to money depended on a portfolio that differed sharply from the one described to depositors.
Read the articleThe State Fraud Files · Volume 02
The Texas
Fraud Files
Twelve Texas cases examine the promises behind financial statements, medical charts, public contracts, and family homes. From Billie Sol Estes and Enron to crowdfunding and foreclosure rescue, the book explains how the schemes worked and distinguishes criminal outcomes from civil settlements.
12Documented cases
02Series volume
Eli StrongrumAuthor
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Inside this volume
A selection of
the cases.
Distinct schemes. Different kinds of trust. Each case follows its own evidence and outcome.
Billie Sol Estes
Agricultural finance and fertilizer tanks that existed on paper.
Enron
The financial picture a Houston energy company presented to outsiders.
Dallas County Schools
A public agency, stop-arm camera contracts, and institutional failure.
iBackPack
Crowdfunding promises and an FTC civil settlement without an admission of the allegations.
Beyond the book
Explore the record.
02Texas 2 min read
Reading the records
Enron: what moving a loss can hide
A specific transaction in the appellate record explains the gap between a business's performance and the picture presented to outsiders.
Read the article