Dan Davies, a former Bank of England regulatory economist, offers an in-depth portrayal of fraud and its effects on the global economy. Using contemporary and historical case studies, he delves into commercial fraud, translating its complexities into understandable terms and providing insights into white-collar crime. He details intricate schemes that have entrapped investors and firms in the United States and Europe. Davies asserts that the skills required to manage a legitimate commercial operation mirror those that financial criminals use to deceive. His creative depiction of the intricacies of fiscal crimes adds up to a fascinating reference manual on how to spot fraud.