Finding Fraud (with John Griffin)

John Griffin, a distinguished professor of finance at the University of Texas, talks about forensic finance, and how for the past decade he has dedicated his research pursuits to finding fraud. His most recent paper alleges that 1.8 million loans issued as part of the government’s COVID-19 relief program for small businesses, totaling $76 billion, may have been fraudulent. We discuss what it is like to uncover findings like this, including the reactions from the press, academic peers, regulators, and industry.