The founder of bankrupt cryptocurrency exchange FTX faces fraud allegations in New York.

Econ Extra Credit newsletter #149

What we can learn about how fraud happens and how can cities guard against it.

“Fool Me Once” by Kelly Richmond Pope looks at the world of financial fraud — and how seemingly regular people can become perpetrators.

Recent scandals involving FTX and Frank leave some wondering if enough research was done on the startups, and who was supposed to do it.

We spoke to Dan McCrum, one of the journalists who first reported on the Wirecard scandal, about how his team’s investigation unfolded.

Theranos founder Elizabeth Holmes was convicted of four counts of fraud in a case that’s viewed as a landmark test of Silicon Valley startup culture.

And what the case means for Silicon Valley.

In its unanimous ruling, the court says the FTC could always ask Congress for more authority to recover money for victims.

Getting that debt pardoned is a rigorous process right now. Some want to simply excuse loans under $150,000.