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True Fraud Stories

True Fraud Stories

By: OBOMEDIA ENTERTAINMENT
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Fraud stories never start with the headline. They start with one number changed in one spreadsheet, one auditor waved away, one quarter that absolutely had to look better than it was. This show tells true fraud stories from inside the books that got cooked.

Each episode reconstructs one fraud in full, cinematic detail: the company everyone trusted, the executives who crossed the line one decimal at a time, the employees who suspected, and the day the numbers finally refused to add up. No host chatting between clips, no panel debating ethics. Just one complete story, narrated start to finish, built from filings, indictments, and the testimony of the people who watched the fraud grow.

You will follow fraud stories where empires of paper collapsed overnight, accountants became getaway drivers in suits, and whistleblowers paid dearly for being right. Some episodes trace a single lie through years of compounding deception; others follow the investigators who unpicked the fraud thread by thread. All of them treat fraud as what it really is: a story about trust, and what happens when it is manufactured.

If you are drawn to fraud stories that read like slow-burning thrillers, this is built for you. New episodes drop regularly, each one a self-contained collapse worth understanding. Subscribe now so the next of these fraud stories lands the moment it goes live.Copyright OBOMEDIA ENTERTAINMENT Economics
Episodes
  • The sole authorized trader who traded alone and blew $150 million

    The sole authorized trader who traded alone and blew $150 million
    1 Nov 2026
    A Chinese government trader makes a massive bet on copper prices, but when the market moves against him, he disappears, leaving a $150 million commodities trading loss.

    The sole authorized trader who traded alone and blew $150 million

    This episode explores the story of Liu Qibing, a Chinese government trader who accumulated a massive short position in copper. How did one man come to control such a large bet with no oversight?

    Person: Liu Qibing
    Date: November 14, 2005
    Location: London Metal Exchange
    Topic: Commodities trading

    - Liu Qibing, an economist with a bachelor's degree, was placed in the State Regulation Centre for Supply Reserves (SRCSR) in the 1990s.
    - In 1995, Liu was sent to London for training at the LME, learning about futures, forwards, and managing positions.
    - By 2002, he was the chief trader for the SRCSR, generating $300 million for the Chinese government through arbitrage trades.
    - In June 2004, Liu was designated the sole authorized trader in the SRCSR's futures and forwards group, despite the group being designed for multiple personnel.
    - In early 2005, Liu began accumulating a short position in copper on the LME, betting on falling prices due to China's economic cooling measures.

    To listen to this podcast ad-free and access premium episodes, try our subscription with a 14-day free trial at obomedia.com.

    © 2026 OBOMEDIA. All rights reserved.
    This episode and its content (audio, text, and related materials) are the exclusive property of OBOMEDIA and are protected by applicable copyright laws. Reproduction, distribution, editing, or commercial use, in whole or in part, without prior written permission from OBOMEDIA is prohibited. For permissions, licensing, and business inquiries: business@obomedia.com.
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    16 min
  • The Loan Record That Toppled a Home Minister

    The Loan Record That Toppled a Home Minister
    31 Oct 2026
    Fifty thousand Nepalis trusted their savings to cooperatives, only for billions of rupees to vanish into a media company. Now, a loan record links the country's Home Minister to the financial scandal.

    The Loan Record That Toppled a Home Minister

    This episode explores how a media company became the conduit for the disappearance of 2.58 billion rupees from the savings of ordinary people in Nepal. It delves into the role of cooperatives in the country and the legal framework that was meant to protect these funds, raising questions about enforcement and accountability.

    Person: Rabi Lamichhane
    Amount: 2.58 billion rupees
    Location: Nepal
    Event: Cooperative funds transfer to Gorkha Media Network
    Date: 2017-2022

    - Gorkha Media Network, owner of Galaxy 4K television, began receiving funds from nine cooperatives across six Nepali cities around 2017.
    - The Cooperative Act of 1991, updated in 2017, explicitly prohibited the transfer of member savings to private companies.
    - Rabi Lamichhane became managing director of Gorkha Media Network in February 2021, during which 831 million rupees moved from cooperative accounts.
    - Investigators documented mechanisms like forged share certificates, counterfeit documents, and fictitious loan accounts used in the transfers.
    - A 20 million rupee loan was registered in Rabi Lamichhane's name within the records of Supreme Cooperative in Butwal.

    To listen to this podcast ad-free and access premium episodes, try our subscription with a 14-day free trial at obomedia.com.

    © 2026 OBOMEDIA. All rights reserved.
    This episode and its content (audio, text, and related materials) are the exclusive property of OBOMEDIA and are protected by applicable copyright laws. Reproduction, distribution, editing, or commercial use, in whole or in part, without prior written permission from OBOMEDIA is prohibited. For permissions, licensing, and business inquiries: business@obomedia.com.
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    15 min
  • A one‑percent fee that let him earn $35M and ignore Madoff

    A one‑percent fee that let him earn $35M and ignore Madoff
    30 Oct 2026
    No description available.

    A one‑percent fee that let him earn $35M and ignore Madoff

    To listen to this podcast ad-free and access premium episodes, try our subscription with a 14-day free trial at obomedia.com.

    © 2026 OBOMEDIA. All rights reserved.
    This episode and its content (audio, text, and related materials) are the exclusive property of OBOMEDIA and are protected by applicable copyright laws. Reproduction, distribution, editing, or commercial use, in whole or in part, without prior written permission from OBOMEDIA is prohibited. For permissions, licensing, and business inquiries: business@obomedia.com.
    Show more Show less
    16 min
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