The Presumption of Innocence - Episode 73

Episode 73 The Fraud Whisperer: A Journey From Hedge Fund Hustler to Corporate Risk Adviser Determined to reshape his future once he was released from FCI Otisville, convicted white-collar criminal Mark Varacchi immersed himself in uncovering statistics on white-collar fraud to lay the groundwork for his post-prison life. The former hedge fund C-suite executive, who now runs Federal Prison Consultancy, interviewed countless fellow inmates while at Otisville who were also convicted of fraud, seeking to identify and uncover patterns in how they were able to perpetrate the fraud for which they were convicted. Today, he’s armed with a new kind of knowledge that helps companies prevent and uncover fraud. Mark joins host Matt Adams in this fascinating episode that explores how his career spiraled downward as he mismanaged millions, including the immense anxiety he carried each day of potentially being called out for his actions. They also discuss how and why Mark used his prison time strategically to gain insights on how other white-collar criminals skated through financial systems to commit fraud. That insight fuels Mark’s newfound career in helping businesses understand and apply his findings.